Company Profile
Fabryka Części do Maszyn Włókienniczych i Odlewnia Metali BAWOROWO S.A. seated in Leśna - privatised company
Description of activity
The objects of the company include iron founding (manufacture of iron casts for agricultural and textile machinery, electrical appliances and car parts), machining and coating, as well as services in the scope of machining, iron painting and decorative casting. The company’s product portfolio includes casts of grey iron (grade ŻL 150, 200, 250 and 300) and spheroidal cast iron (grade ŻS 500).
Iron casts are mainly supplied to leading domestic manufacturers of agricultural machinery. With respect to exports, company products are mainly supplied to manufacturers of compressors, agricultural machinery and marine engine parts. Currently, domestic sales account for approx. 55%-60% of total production. The remaining part of the production is exported to EU countries (mainly to Italy and Germany). Sales are conducted based on monthly purchase orders. The company has rolling contracts with two biggest suppliers which are subject to renewal every subsequent production year. In terms of cast manufacturing, the maximum production capacity is 190 tons of the so called good quality cast iron monthly. With its present potential, BAWOROWO is able to process approximately 50% of this amount. The company owns large floor space which, after suitable adjustments, may allow it to significantly increase the current production capacity.
According to the development strategy, the company will aim at extending the range of spheroidal casts through investments associated with the introduction of an induction furnace. Increasing its market share in the sales of the so called machined cast iron will be possible following the purchase of new CNC machines.
Founding is one of the major industrial sectors, with suppliers of components used across almost all industrial branches by a range of companies delivering their final products to customers. Currently, there are about 200 cast-iron foundries in Poland.
Contact information
Province : dolnośląskie
Fabryka Części do Maszyn Włókienniczych i Odlewnia Metali BAWOROWO S.A.
ul. Reja 3
59-820 Leśna
ph.: (+48 75) 72 11 363
fax: (+48 75) 72 11 284
info@baworowo.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
Branch
Machine industry
Performance in thousand PLN
|
|
2008
|
2009
|
2010
|
|
Sales revenue
|
13 026.0
|
7 327.0
|
8 961.2
|
|
EBITDA
|
1 009.0
|
-231.0
|
48.1
|
|
Net result
|
352.0
|
-630.0
|
-333.2
|
Planned privatisation
On 19 December 2011 Ministry o Treasury and Fabryka Urządzeń Górniczych "FUGOR" sp. z o.o. seated in Krotoszyn signed a sales agreement regarding 40 000 A series ordinary shares numbered 000000001 to 000040000 and 4 000 B series registered shares numbered 000000001 to 000004000 of PLN 10.00 net value each constituting 88% of the company's initial capital for the total price of 527 560.00 zł, i.e. PLN 11.99 for one share.
History of privatisation process:
Auction: 6 December 2011
Allowing to participate in auction: 5 December 2011
Invitation to particiapate in auction. More information
Cancellation of auction: 4 November 2011
Invitation to take part in auction. More information
Cancellation of auction: 6 October 2011
Invitation to participate in auction. More information
Cancellation of auction: 5 September 2011
Invitation to participate in auction. More information
The privatization process have been closed. 8 July 2011
Draft agreement has been initialed. 13 April 2011
Negotiations: 14 December 2010
Binding offer: 3 December 2010
Due diligence: 19 October 2010
Initial offers: 4 October 2010
Invitation to participate in negotiations. More information
Employment
133 employees
Initial capital
PLN 500 000.00
President of the Management Board
Edward Luty
Privatisation advisor
ABC Consulting Sp. z o.o. with registered office in Gdańsk
Modification date : 22.12.2011


