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 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

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

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Publication date : 18.06.2010
Modification date : 22.12.2011
Katarzyna Szulc