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 Form Metalowych FORMET S.A. seated in Bydgoszcz

Description of activity

Fabryka Form Metalowych FORMET S.A. is one of the biggest tool manufacturers in Poland, with nearly 50 years of experience in the Polish market. The company’s business is the design and manufacture of injection moulds for plastic and rubber, as well as casting dies for light metals. The company’s design studio features the latest CAD/CAM Unigraphics NX6, AutoCAD 2007 Mechanical, Work NC19 and Mastercam X2 software and highly-qualified designer staff. FORMET S.A. stands out among other injection mould manufacturers in that it has a modern machine park, enabling the manufacture of moulds of various geometry, large dimensions (up to 1500mm x 2000mm) and large weight (up to 18 tons). The company’s monthly production capacity is approx. 20 moulds. After manufacture, the tools are tested at the company’s own testing station. The quality control department is equipped with modern measuring instruments ensuring compliance with the most stringent standards, as confirmed by the ISO 9001:2008 certificate held by the company. The products are characterised by superior workmanship. With highly-qualified staff and modern machine park the company is able to design and manufacture tools for key sectors of industry. Each mould/die is provided with a service manual and full warranty and post-warranty maintenance service. FORMET S.A. manufactures tools for companies from across Poland. It also exports its products to many countries around the world, including Germany, Belgium, Denmark, Russia, Sweden, the Czech Republic, Slovakia, England, Ireland, Portugal, Spain, Norway and Estonia. FORMET S.A. cooperates with major global corporations across different industries, including manufacturers of car accessories, household equipment, audio and video equipment and power tools, as well as with a number of major injection moulding plants. The company’s activities also include maintenance services (related to repair of injection moulds), repair of damaged elements of dies, cutting dies and other devices. It also provides quenching, milling, drilling and grinding services, as well as cooperates with manufacturers of tools for the plastic processing industry. FORMET S.A. also offers comprehensive metalwork services, including polishing moulding surfaces.
 

Contact information

Province : kujawsko-pomorskie

FORMET S.A
Dąbrowa 21 St. 
85-147 Bydgoszcz
Exchange: ph. (+48 52) 370 48 21
Fax (+48 52) 371 93 75
Office of the Management Board: ph. (+48 52) 371 93 42
www.formet.pl

Ministry of Treasury
ul. Krucza 36 / Wspólna 6
00-522 Warszawa
Department of Privatisation
ph.: (+48 22) 695 87 22, 695 87 05
fax: (+48 22) 695 88 18
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

 
 
2008
2009
2010
Sales revenue
20 054.0
9 611.4
14 974.9
EBITDA
-913.0
-1 667.3
2 586.6
Net result
2708.4
-3 340.8
1 125.6

Planned privatisation

100% of Company’s shares is held by the Treasury. It is planned to sell 85% of the shares, and to transfer 15% of the stock to employees.

History of privatisation process:
Concluding the tender: 16 June 2011
Changes in the tender terms: 8 June 2011
Invitation to a public tender: 5 May 2011
Concluding the tender: 13 April 2011
Invitation to a public tender: 9 March 2011
Conclusion of the negotiations: 21 September 2010
Invitation to participate in negotiations. More information

Employment

136 employees

Initial capital

PLN 8 000 000

President of the Management Board

Krzysztof Łukaszewicz

Privatisation advisor

Consortium: ABC Consulting Sp. z o.o., Kancelaria Radców Prawnych K. Białkowska-Andrzejewska i M. Andrzejewski s.c. seated in Gdańsk

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Publication date : 22.12.2008
Modification date : 06.03.2012
Monika Groszkowska