Part of complete coverage on
Oknoplast sees Europe' s window of opportunity
By CNN Wire staff
March 7, 2013 -- Updated 1851 GMT (0251 HKT)
STORY HIGHLIGHTS
- Poland has been a success story amongst the transition economies, proving resilient to recession
- Oknoplast's annual turnover topped $120 million last year but exports have come under pressure
- The EU Flag flying outside the factory reflects Placek's ambitious outlook for the business
(CNN) -- At Oknoplast's production site outside Krakow, Poland, windows of all shapes and sizes are stacked up ready for delivery -- and they all have homes to go to.
The family-run business has been churning out its bespoke windows for nearly 20 years. Now, 45,000 a month are sliding off the production line, most of them destined for export locations across Europe.
Read more: Auto industry revs up recovery on Spain
"Last year was the first year when most of our production went to export", Oknoplast President Mikolaj Placek told CNN.
For Placek, Poland's entry into the European Union in 2004 provided an opportunity to expand beyond his home market, but it's a delicate financial balancing act.
"We export only to EU countries. The export is profitable when you export up to a maximum of 2,000 to 2,500 kilometers from the factory," he explained.
Read more: Ebro CEO: Strong euro is 'major concern'
So, Placek targeted Italy for his expansion plans -- and it's now the company's biggest market outside of Poland.
Poland has been a success story amongst the transition economies, proving resilient to the cold winds of recession which have swept across Europe. It's maintained growth, but is now slowing down.
"Naturally I'm worried," Placek told CNN. "But the key is to be better than our competitors. We have to work harder, lower our costs and be more competitive in service and flexibility."
Read more: Henkel: Reaping rewards of its revamp
While the recipe is not new, the implementation is vital if Poland's manufacturing sector is to thrive.
"We can use the advantage that our labor costs are lower than in Western Europe" Placeck said. "Poland is becoming one of the biggest country's for production that is labor intensive," he added.
Oknoplast's annual turnover topped $120 million last year, but, with unemployment rising and growth in Europe and Poland slowing down, exports are coming under pressure.
Despite that Placek is optimistic, because he's been here before. "When the crisis hit for the first time in 2008 I took market share; -- this is our policy -- to take market share from our competitors," he said. "We are very aggressive with our plans to take over our competitors...only in this way can we develop faster."
Placek is confident his strategy will compensate for any slowdown in the domestic market, which still accounts for 45% of Oknoplast's sales.
The EU Flag flying outside the factory reflects Placek's ambitious outlook for the business. "We want to be perceived as a European company, not as a local Polish one" he declared proudly.
Part of complete coverage on
Marketplace Europe
April 12, 2013 -- Updated 1246 GMT (2046 HKT)
Turkey is a "source of inspiration" to show how Islam and democracy can go hand-in-hand, the country's deputy prime minister has told CNN.
April 5, 2013 -- Updated 1257 GMT (2057 HKT)
Bright, shiny and emblazoned with names like Ferrari and Lamborghini -- these brakes are almost as stylish as the cars they're hidden within.
March 21, 2013 -- Updated 1723 GMT (0123 HKT)
EasyJet's new London to Moscow route is an opportunity to attract more business travelers, according to the low cost airline's chief executive.
March 21, 2013 -- Updated 1745 GMT (0145 HKT)
If you're a business traveller in Europe, you'll no doubt have complained at length about the regions' airlines, be it the cost of a plane ticket or the quality of the food or the delays.
March 8, 2013 -- Updated 1032 GMT (1832 HKT)
European demands for the steel industry to cap emissions by 2020 are "unachievable" with current technology, according to an ArcelorMittal executive.
March 7, 2013 -- Updated 1851 GMT (0251 HKT)
At Oknoplast's production site outside Krakow, Poland, windows of all shapes and sizes are stacked up ready for delivery.
February 22, 2013 -- Updated 1647 GMT (0047 HKT)
We receive them almost on a daily basis; text messages alerting us that our taxi is outside or our dentist appointment is tomorrow.
February 22, 2013 -- Updated 1645 GMT (0045 HKT)
What happens when you mix detergent, cosmetics and a bucket load of adhesives? You get a multi-billion dollar German corporation called Henkel.
February 7, 2013 -- Updated 1824 GMT (0224 HKT)
It is said that the devil would never dare cross the River Tamar into Cornwall for fear of ending up as a filling in a Cornish pasty. The legend, it seems, could just be true.
February 7, 2013 -- Updated 1839 GMT (0239 HKT)
Europe needs to cut back on its red tape and be more competitive if it is to succeed on a global stage, according to Diageo's chief executive.
January 17, 2013 -- Updated 1735 GMT (0135 HKT)
Booms, busts and bubbles are all jargon you might associate with today's troubled Irish economy. But now you can add "beans" to that list.
January 17, 2013 -- Updated 1734 GMT (0134 HKT)
Multinational companies see Ireland as the "gateway" to investing in Europe, says the boss of the country's largest food company.
January 25, 2013 -- Updated 1155 GMT (1955 HKT)
UK Prime Minister David Cameron's voiced his intentions to let the British people vote on Europe. The mayor of London says it's all part of democracy.
January 11, 2013 -- Updated 1326 GMT (2126 HKT)
It started with one man peddling lavender and rosemary oil at local markets -- now it's a business valued at $4.8 billion.
January 10, 2013 -- Updated 1845 GMT (0245 HKT)
Jaeger LeCoultre CEO Jerome Lambert talks about the benefits of being part of a larger group.
December 27, 2012 -- Updated 1507 GMT (2307 HKT)
CNN's Richard Quest explores how European business leaders have dealt with the financial climate in 2012.
December 27, 2012 -- Updated 1451 GMT (2251 HKT)
CNN's Richard Quest looks at how European businesses have performed amid a cold climate of austerity.
Click here to read more of the top business stories from across the continent brought to you by the Marketplace Europe team.
Today's five most popular stories