The Israeli Alubin is to invest PLN40m in Final, a subsidiary of quoted aluminium manufacturer Yawal.
This should give the Polish company access to new markets in western Europe at a difficult time for the aluminium industry.
Shareholders of Final will be asked to agree to an increase in capital at their forthcoming meeting. The minimal increase in capital proposed is from PLN10m to PLN18.6m whilst the maximum is to PLN49.1m. The entire share issue is directed at Alubin.
The shares will be paid for largely in kind with deliveries of raw materials worth USD3.1m. The company will also receive know-how permitting the production process to be improved. Aluminium sales have been difficult recently and have fallen by thirty percent.
Yawal has a five percent market share in aluminium profiles and is based in the Katowice special economic zone.