Bumar wants to offer its products to civilians

opublikowano: 12-12-2007, 14:06

Warsaw (Puls Biznesu) – Grupa Bumar delivers army equipment to Iraq and Malaysia but the contracts are not profitable due to low dollar.

Today, management of Bumar presents its achievements and plans at the ministry of the treasury. Bumar’s biggest problems include small orders from the Polish army and poor profitability of contracts with foreign armies. Deliveries to Iraq and Malaysia are worth several hundreds million dollars but Bumar is adversely affected because of low dollar. That’s why the company will fight for the civilian market.

“Bumar has experience in trading not only with army equipment but also civilian products. We’re going to develop this business”, Tomasz Dembski, Bumar CEO said.

The company will trade with energy equipment and construction machines.

In the first 10 months of the year, the company had PLN 1.8bn (EUR 504m) of sales, or 23 percent more than last year. PLN 1.1bn of this amount was generated in Poland.

(PLN 1 = EUR 0.280)

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