Warsaw (Puls Biznesu) – The PVC window manufacturer
has plans for new investments, but no takeovers at the moment.
The company from Zdunska Wola is about to finish
the development of the new production plant and refurbishment of the old one,
founded from the last year’s issue of shares and the EU donations. According to
Marek Trzcinski, the CEO and main shareholder of Budvar Centrum, it is going to
increase the company’s potential and production.
In 2007 the company had a nearly 30 per cent
increase of profit when compared with 2006. They do not intend to reveal the
forecasts for 2008, however, the profits are expected to grow considerably.
The manufacturer has plans for new investments this
year. They want to expand their offer with products that can be sold via the
existing distribution channels. The details have not been revealed yet but, as
Marek Trzcinski says, they will be announced by the end of January.
At present, apart from windows, Budvar’s offer
includes window sills and blinds. New investments will be financed from the
company’s own assets and loans. Another issue of shares might be considered in
In July 2007, at the company’s debut on the WSE,
the management said they would consider takeovers as a way of strengthening the
position on the Polish market. However, having done some research, they will
refrain from that at the moment.
The companies we looked at proved to be not very
interesting due to their lack of added value, such as highly qualified
personnel, Trzcinski says.
He explains that he does not want to make any
forced transactions and will focus on the foreign markets, especially in Czech
and Germany, which were doing very well in 2007, as the customers started to
appreciate also the high quality, not only the competitive price.