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Company Profile

The information below does not constitute any invitation or offer to sell, invest in or trade, nor does it constitute any invitation to place any offer to purchase, invest in or trade the securities. The information presented herein is up to date as on the date of publication. For more information, please contact tel: (+48 22) 695 90 01-02, e-mail: investor@msp.gov.pl.

Huta Cynku „Miasteczko Śląskie” S.A. seated in Miasteczko Śląskie - company contributed to ZGH Bolesław S.A.

Description of activity

Huta Cynku „Miasteczko Śląskie” zinc mill (HCM) is an enterprise operating on the market of non-ferrous metals. The company produces and sells rectified zinc of the Z1 and Z5 grade and zinc alloys. It also produces and sell refined lead of the Pb 985R, Pb 970R grades, Doore’s metal, refine cadmium and sulphur acid. Huta Cynku „Miasteczko Śląskie” accounts for 40% of the domestic production of both zinc and lead. The main customers of HCM are galvanising shops, alloy producers, battery manufacturers and trade intermediaries. The main suppliers of raw materials are mostly foreign entities. On the market on which HCM operates the price is of core importance as far as reaching competitive advantage is concerned. The zinc mill operating in the ISP technology (Imperial Smelting Process – simultaneous smelting of zinc and lead in a single device - shaft furnace. The core fuel in the electrolysis process is blast-furnace coke) bases its production on less expensive blast-furnace charges, frequently of such chemical composition which is not accepted by mills utilising the electrolysis method. That enables reduction of unit costs in the case of an ISP mill in the extent balancing its larger energy consumption in comparison with electrolysis. In the near future, HCM will probably extend the currently operating zinc rectification unit in order to produce 100% of the Z1 grade zinc, instead of the current volume of 50%. Thus the company will adjust its production to the changing market demand. In 2008, approximately 71% of the total volume of lead production will be allocated for battery and accumulator production, 12% for pigments. The strong growth of the automotive industry in India and China guarantees further increase in the demand for that metal. In Europe the company does not envisage significant changes as regards both zinc and lead consumption. Over the past few years the global demand for zinc has been growing at 5% annually, i.e. approximately 55 thousand tonnes per year. It is estimated that the global demand in 2008 will amount to almost 12 million ton, i.e. slightly above 5% in comparison with the previous year. Huta Cynku „Miasteczko Śląskie” exports 56.3% of its total sales volume.

Contact information

Province : śląskie

Huta Cynku "Miasteczko Śląskie" S.A.
Woźnicka 36 St..
42-610 Miasteczko Śląskie
Switchboard ph. (+48 32) 288 84 44
Secretary office ph. (+48 32) 2888 444 (ext. 450)
Fax. (+48 32) 288 88 85
www.hcm.com.pl

Ministry of Treasury
Krucza 36 / Wspólna 6 St.
00-522 Warsaw
Investor Relations Centre
ph.: (+48 22) 695 90 01
ph.: (+48 22) 695 90 02
fax: (+48 22) 629 98 38
investor@msp.gov.pl
www.msp.gov.pl
 

foto

Performance in thousand PLN

 
 
2006
2007
Sales revenue
685.5
819.2
EBITDA
54 600.0
2 040.0
Net result
26 500.0
20 400.0
 
* Privatisation process is stopped till the restructuring of the company finishes

Employment

680 employees

Initial capital

PLN 79 000 000

President of the Management Board

Mirosław Indyka

Privatisation advisor

-

Publication date : 08.05.2009
Modification date : 28.08.2012
Katarzyna Szulc