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 Investor Relations Centre, tel: (+48 22) 695 90 01-02, e-mail: investor@msp.gov.pl.

Fabryka Łączników Radom S.A. seated in Radom - privatised company

Description of activity

The principal object of business activity is iron founding. It encompasses more than 200 assortments of fittings, heater couplings and castings made of blackhearth malleable cast iron in grade W400-5, sized from 3/8 - 4 inches, manufactured according to PN-EN 10142, ISO 49, DIN 2950 with the use of clay-bonded sands, and thermosetting core compounds and phenol-formaldehyde resin-bonded sand cores. The moulding process is carried out on DISAMATIC and FKT automatic moulding machines, while the cores are made with the use of core blowers and semi-automatic core-blowing machines. These products are used in pipe connections of, among others, water-pipe networks, gas, steam and heating distribution networks, both in residential buildings and industrial facilities.
The Company’s product range include, among others: elbows, tees, female type sockets, female and male type reducing bushes, female reducing sockets, male type nipples, flat seat type unions, male type reducing nipples, bevel seat type unions, heater pipe connectors, hexagon pipe caps, crossovers, beaded plugs, pipe extensions, locknuts. Apart from fitting products the Company manufactures other castings, such as couplers, damper supports, catches, keys, insulator supports, insulator caps, valve bodies, expanders, clamping rims, levers. Fitting and castings are delivered in either galvanized or black (non-coated) execution.
The Company’s customer base consists mainly of more than a dozen of strategic customers. Apart from the strategic recipients of fittings and castings, the Company also cooperates with small volume sale customers.
The major recipients of Company’s products include manufacturers and wholesalers of construction materials, which have their divisions located across the country. The above customers contribute to more than 90% of the whole domestic sales of fittings. The share of export sales in the total sales amounts to 15%. The share of Fabryka Łączników Radom S.A. in the product market is estimated at the level of 4-5 thousand tonnes, which constitutes approx. 40% of the overall demand for fittings.
The main assumptions of the Company’s development strategy include the diversification of production through: starting the production of grey cast iron and implementing a new range of industrial castings made of this material for the needs of road-building, machine and power industries, as well as expanding its product portfolio with industrial castings intended for the domestic and foreign market, and expanding its casting offer for the construction industry with products made of white hearth malleable iron and grey cast iron.

Contact information

Province : mazowieckie

Fabryka Łączników Radom S.A.
Stalowa 3
26-600 Radom
Tel. ( +48 48 ) 362 21 61-69
Fax (48 48) 362 83 05
www.laczniki.com.pl

Ministry of Treasury
Krucza 36/Wspólna 6
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

 
 
2007
2008
2009
Sales revenue
44 100.0
38 300.0
31 112.7
EBITDA
- 2 200.0
- 3 900.0
-2 997.5
Net result
- 3 900.0
- 4 300.0
-4 811.2

Planned privatisation

The Treasury holds 100% of the Company’s shares. In 2010, the Treasury plans to sell 85% of the shares through negotiations undertaken on the basis of a public invitation. 15% of the shares will be available free of charge to eligible company employees. On 15.07.2010 two Potential Investors submitted offers in response to the invitation to a public tender. On 23 August 2010 a sales agreement was signed and as a result, the privatisation process was completed.

History of the privatisation process:
Invitation to a public tender. More information
Withdrawal from negotiations: 11 May 2010
Invitation to negotiations. More information

Employment

460 employees

Initial capital

PLN 21 000 0000

President of the Management Board

Henryk Przyborowski

Privatisation advisor

PKF Consult Sp. z o.o. seated in Warsaw

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Publication date : 18.09.2009
Modification date : 21.07.2011
Agnieszka Steindl