Company Profile
Lubuskie Zakłady Aparatów Elektrycznych LUMEL S.A. seated in Zielona Góra - privatised company
Description of activity
LUMEL.S.A. is the leader on the Polish and European market in the area of innovative solutions and in the manufacture of industrial automation equipment as well as pressure castings. Business operations of the company is focused on 4 major areas: manufacture of industrial automation equipment for the measurement, processing, control, recording, transmitting and visualization of industrial processes; manufacture and machining of precise pressure aluminium alloy castings and manufacture of moulds and tools; design and manufacture of automation systems; contract assembly of electronic components using various technologies as well as assembly of fine mechanics components, in particular components for industrial automation equipment.
Lumel operates mainly on the B2B market, but also on the B2C. Sales structure of industrial automation equipment is as follows: 62% - domestic, 38% - exports, while the one for precise pressure castings: 32% - domestic, 68% - exports. Major markets of Lumel operations, apart from the domestic one are: EU market, Russia and Ukraine, Middle East countries.
Lumel intends to develop its industrial automation equipment range, in particular its control and measurement equipment by the application of state-of-the-art controllers and processors that enable operation of such equipment in network communication systems. This target is expected to be accomplished by consolidating its current product range and launching new products – solutions based on new processor technologies.
Major plans for the continually increasing demand for aluminium castings include construction of a new manufacturing plant and continual upgrading of machine stock and seeking new customers from the industrial automation and automotive sectors. Industrial automation equipment play increasingly important role in optimizing and achieving repeatability of manufacturing processes.
The market of aluminium pressure die castings has seen dynamic growth since the 70s of the previous century. Major portion o castings manufactured by Lumel is directed to the industrial automation sector. The remaining portion is supplied to automotive, lighting and other sectors. There few companies with production profile comparable to that of Lumel on the Polish market (mould design and manufacture, casting, precision machining, varnishing, assembling). New orders from regular customers are a confirmation of Company’s price competitiveness.
Contact information
Province : lubuskie
Lubuskie Zakłady Aparatów Elektrycznych „Lumel” S.A.
Sulechowska 1
65-022 Zielona Góra
ph.: (+48 68) 329 53 92
fax: (+48 68) 329 51 01
www.lumel.com.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 Realtions 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
Electronic industry
Performance in thousand PLN
|
|
2007
|
2008
|
2009
|
|
Sales revenue
|
74 654.9
|
66 934.1
|
62 555.4
|
|
EBITDA
|
18.6
|
7.4
|
6 665.6
|
|
Net result
|
8 281.6
|
915.8
|
-2 702.7
|
Planned privatisation
On 18 July 2011 the sales transaction regarding the company’s shares was concluded. Rishabh Instruments Private Limited seated in Nashik (India) purchased 1 572 500 shares constituting 85% of the company initial capital. According to the sales agreement of 25 May 2011 the share purchase price of the shares accounted for PLN 30 003 300.
History of privatisation process:
Signing a sales agreement: 25 May 2011
Signing a draft agreement: 3 March 2011
Negotiations exclusivity: 25 November 2010
Binding offers: 17 November 2010
Due diligence: July 2010
Initial offers: 25 June 2010
Extension of the deadline for submitting written offers. More information
Invitation to participate in negotiations. More information
Employment
630 employees
Initial capital
PLN 18 500 000.00
President of the Management Board
Wiesław Ocytko
Privatisation advisor
Agencja Konsultingu Gospodarczego "Accord'Next" Sp z o.o. with registered office in Wrocław
Modification date : 21.07.2011


