Company Profile
Fabryka Wentylatorów OWENT Sp. z o.o. seated in Olkusz - privatised company
Description of activity
Fabryka Wentylatorów "OWENT" is a company with decades of tradition and experience in the production of industrial fans. The company has a sophisticated, well recognizable brand and an established and stable position on the domestic market. The factory produces many types of high-performance fans for different purposes, whose construction is based on proven and constantly modernized technology. The Company produces the following types of fans: radial fans for room ventilation, boiler blowdown and exhaust gas extraction, radial drum fans for room ventilation and air-conditioning, high-pressure radial fans for air supply and exhaust gas extraction, axial-radial fans for pneumatic transportation, axial and roof fans for room ventilation, and special ventilators: explosion-proof with a certificate, acid-proof, resistant to aggressive chemicals (rubber-coated), heat-resistant (up to 500 ºC) and with increased leakproofness.
Additionally, the company’s range also includes axial regulating apparatuses with manual or actuator control, shock-absorbing bases with vibration insulators, silencers and acoustic enclosures, and other specific fans and rotors.
To fully meet the high requirements of the customers, the Company provides warranty and post-warranty service, fan repairs, assessment of the fans’ technical condition, measurement of vibration, noise and temperature, supply and installation of products and technical advice.
The recipients of the Company's products are primarily industrial operators. The Company carries out low-volume production, which follows an individual order of the recipient. Products manufactured by the Company are primarily used in small and medium power generation applications, iron and steel manufacturing processes, cement and lime manufacturing processes, as well as in pulp, paper, chemical, automotive or food industries and in the construction and ventilation and air conditioning.
The Company sells its products primarily in the domestic market. Export sales are very small (they accounted for 0.44% of total sales in 2009). The Company’s development strategies provide for the gradual investment process aimed at restoring and modernizing the machinery and the improvement of the spatial organization of the production process by concentrating it in one technological line (the construction of a new production room), which should allow for increasing the efficiency and production capabilities of the Company, widening the product range, in particular the largest fans dedicated mainly to heat engineering, and ultimately strengthening the Company’s position on the market of fan manufacurers.
Contact information
Province : małopolskie
Fabryka Wentylatorów OWENT Sp. z o.o.
Aleja 1000-lecia 2a
32-300 Olkusz
exchange ph.: (+48 32) 643 14 16
Secretariat ph./fax: (+48 32) 643 13 34
owent@owent.pl
www.owent.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-building
Performance in thousand PLN
|
|
2007
|
2008
|
2009*
|
|
Sales revenues
|
11 604
|
12 206
|
7 007
|
|
EBITDA
|
1 146
|
1 742
|
-614
|
|
Net results
|
880
|
1 080
|
-222
|
* Decline in the company’s performance in 2009 to a small extent dependent on the entity. The overall condition of the national economy has a significant influence on the effectiveness of the activities conducted by the Company. The volume of sales depends largely on the economic conditions in various branches of industrial processing, as well as the general level of realized investments.
Production is carried out in low volumes and according to the recipient’s request. Through the diversification of its business activities and the recovery of orders the company is aiming to restore its an earlier profitability.
Planned privatisation
The State Treasury holds 100% share capital in the company and is planning to sell 85% stake. The remaining 15% of the shares, in accordance with the Act on Commercialization and Privatization, will be distributed to eligible employees free of charge. Until 30 December 2010 one offer was submitted in reply to the invitation to participate in a public tender to purchase the Company's shares.
History of privatisation process:
Invitation to participate in a public tender: 26 November 2010
Employment
76 employees (as of 31.08.2010)
Initial capital
PLN 5 500 000.00
President of the Management Board
Bogusław Kurek
Privatisation advisor
ABC Consulting Sp. z o.o. with registrated office in Gdańsk
Modification date : 21.07.2011


