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Tras window producer close to USD 100m contract

APA - Austria Presse Agentur
opublikowano: 22-09-2005, 20:52

Warsaw (Puls Biznesu) – Shares of Tras, the listed window producer, keep advancing. Yesterday, they rose 8 percent and cost PLN 3.19 (EUR 0.8)). Since Monday, they have gained 30 percent. According to “Puls Biznesu” sources, the company has managed to sell newly issued shares and got PLN 7m for further restructuring.

Warsaw (Puls Biznesu) – Shares of Tras, the listed window producer, keep advancing. Yesterday, they rose 8 percent and cost PLN 3.19 (EUR 0.8)). Since Monday, they have gained 30 percent. According to “Puls Biznesu” sources, the company has managed to sell newly issued shares and got PLN 7m for further restructuring.

Shares were bought by several investors, including German Richter Gruppe, IDM brokerage, and Jan Mazur, Tras CEO. But this was no surprise. Why, then, the interest of stock players? “Investors might have decided finally that Tras may function well. The company has been on the verge of bankruptcy not long ago”, one of analysts commented.

Besides, investors anticipate big contracts. “Tras is trying to get a 10-year contract to deliver windows to the U.S. market. The order is worth even USD 100m (EUR 81.8m)”, an anonymous source close to the company revealed. Tras products have gone through primary tests. Unsuccessfully. “We are currently improving the offer, these are technical issues. The company should sign the contract in October and start production in December”, our source said. Talks are being held concerning possible deliveries to France.

Tras considers a reorganisation of its structure. “The company may divide into companies focusing in different kings of windows – wooden, aluminium and PCW. Each of them may get an investor”, the source said. The German Richter Gruppe is mainly interested in PCV windows. Talks are going on concerning a partner for another unit of Tras: the transport one.

(USD 1 = EUR 0.818)

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Podpis: APA - Austria Presse Agentur

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