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.

Zakład Przemysłu Odzieżowego CORA-TEX w Krasnymstawie S.A. seated in Krasnystaw

Description of activity

Zakład Przemysłu Odzieżowego “CORA-TEX” has been present on the Polish market since 1972. The Company specialises in the manufacture of outer garments for men and women, with a range of products including overcoats, jackets, ladies jackets and skirt suits. Over the years, the company has gained considerable experience by cooperating with numerous companies from around the globe. Due to their high quality, CORA-TEX garments have been used by renowned international fashion designers from Italy, France, Denmark, Germany, USA and Canada. With respect to production, CORA-TEX owns a fully equipped production facility (including machines for decorative seaming and manufacturing of waterproof garments), and a computer-controlled system for grading and marker making. The production process, i.e. marker making and sewing, takes place in a single production hall and on one level. Warehouses with raw materials, haberdashery and finished products are located near the production hall. The Company also owns its own means of transport. Target customers include large chain stores from across the globe able to place large purchase orders for the Company’s products. Other customers include Polish and European uniformed services (transactions based on public procurements). Daily production capacity of CORA-TEX amounts to 600 – 700 garment items. Primary goals specified in the Company’s development strategy are to maintain and develop cooperation with the existing regular clients (in the scope of production orders), and solicit public procurement orders from uniformed services operating in the domestic and EU markets.

Contact information

Province : lubelskie

Zakład Przemysłu Odzieżowego CORA-TEX w Krasnymstawie S.A.
ul. Poniatowskiego 50
22-300 Krasnystaw
Tel.: (+48 82) 576 34 81
Fax: (+48 82) 576 29 67

Ministry of Treasury
ul. Krucza 36 / Wspólna 6
00-522 Warsaw
Department of Ownership Supervision and Privatisation IV
Tel.: (+ 48 22) 695 87 10
Fax: (+ 48 22) 695 87 09
Investor Relations Centre
Tel.: (+ 48 22) 695 90 01
Tel.: (+ 48 22) 695 90 02
Fax: (+48 22) 629 98 38
investor@msp.gov.pl
www.msp.gov.pl

foto

Performance in thousand PLN

 
                                  
2009
2010
Q I 2011
Sales revenue
7 239
16 683
1 519
EBITDA
-1 127 761
-300
Net result
-1 707
93
-406

Planned privatisation

Ministry of Treasury holds 100% of the company’s shares. Planned privatisation mode – invitation to negotiations. Ministry of Treasury intends to sell 93,93 % of the company’s initial capital. The remaining 6,07% will be transferred free of charge to eligible company employees.

History of privatisation process:
Cancellation of a public tender: 23 November 2011
Invitation to a public tender. More information
Cancellation of a public tender: 23 September 2011
Invitation to a public tender. More information
Cancellation of a public tender: 2 August 2011
Invitation to a public tender. More information
The negotiations have been cancelled. 20 june 2011
Invitation to negotiations. More information
Concluding the tender: 18 October 2010
Invitation to participate in a public tender. More information
Conclusion of a public tender: 9 August 2010
Invitation to participate in a public tender. More information
Conclusion of a public tender: 17 March 2010
Invitation to participate in a public tender: 10 February 2010

Employment

223 employees

Initial capital

PLN 10 380 000.00

President of the Management Board

Marian Wójcik

Privatisation advisor

Program S.C. Tadeusz i Maciej Rzepka z siedzibą w Poznaniu

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Publication date : 28.05.2010
Modification date : 20.01.2012
Monika Groszkowska