Sanwil to end negotiations with Trimproof soon

APA - Austria Presse Agentur
19-03-2006, 21:49

(Puls Biznesu) – ’s listed producer of artificial leather, negotiates new contracts and is going to conclude talks with Irish Trimproof within weeks.

(Puls Biznesu) – ’s listed producer of artificial leather, negotiates new contracts and is going to conclude talks with Irish Trimproof within weeks.

First decisions concerning the cooperation between Sanwil and Trimproof, which deals in the same branch, may be made in a month.

“It’s hard to say now how the cooperation will look like. We are negotiating various solutions”, Jacek Rudnicki, Sanwil CEO said.

In December last year, Trimproof said it was interested in acquiring a stake in ’s biggest artificial leather producer.

“The cooperation is increasing. Our products, with Sanwil brand, are sold in Trimproof network while we sell Irish materials in the East. But we do not want to trade only”, Jacek Rudnicki said.

Trimproof said it was interested in 25 percent of the stock. Shares’ price doubled. Now, after several weeks of falling, they cost PLN 0.9, which means that the capitalization of Sanwil amounts to PLN 90m. The company did not present its financial forecast for this year. Last year, its sales amounted to PLN 30m. Analysts say that chances for higher sales are big after the company has recently entered the list of companies which can sell their products to IKEA producers.

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Podpis: APA - Austria Presse Agentur

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