Boryszew S.A. – Warsaw Stock Exchange Blue Chip
23/09/2013Boryszew’s new website
03/10/2013
In 2013, within eight months, Boryszew’s Maflow, which is an A/C assembly manufacturer, acquired 27 new contracts.
New orders
Volkswagen Group (VW, Audi, Porsche, Skoda, Seat, Bentley, Scania, MAN), Jaguar Landrover, BMW, Renault, Paccar Group, Volvo Car have chosen Boryszew for new contracts which will provide Maflow’s revenue till 2023.
“Apart from VW Group, Boryszew gained new contracts from Jaguar, BMW and Renault which proves our restructuring process has been successful. Manufacturing plants without any contracts and managed by trustees, acquired by Boryszew in 2011, needed merely two years toachieve operational stability,” says Piotr Szeliga, Boryszew’s President of the Board, “It is a big achievement for a Polish company to successfully compete with automotive leaders,” Piotr Szeliga adds.
“The new projects will provide an income for Boryszew’s Maflow till 2023. However, we have to remember that in the automotive industry the largest margins are only achieved in the first years of the contracts. Therefore, in order to keep up the profitability we have to actively seek new contracts,” says Paweł Surówka, Board Member of Boryszew in charge of automotive development.
Maflow is successful not only in Europe. The company has orders in its manufacturing plants located on various continents. Currently, Maflow’s Chinese branch in Dalian is implementing production of parts for the German company BMW for six future projects. Jaguar Landrover – another well-known car manufacturer which currently belongs to Tata Motors – co-operates with Maflow’s plant in Shanghai. In India, Maflow will produce A/C assembly for Dacia Logan, Renault Group. The production will be held in Maflow’s Indian plant in Pune.
Contractors
The biggest customer of Boryszew’s Maflow is VW Group which provides around 40% of the company’s turnover. Additionally, the famous sports car manufacturer Porsche, which belongs to VW Group is now also in Maflow’s portfolio. Also, from 2015 Maflow will also supply Boxter and Caju – the latest version of PorscheBoxter and Cajun.
“It is interesting that we are becoming a major player for VW group for A/C assembly for hybrid and electric vehicles. It includes mainly such brands as Porsche Panamera Hybrid, Audi A6 and Audi A8 Hybrid and the latest VW E -Golf and E-UP; in the very near future they will be joined by Audi Q7 Hybrid,” says Piotr Wiśniewski, Managing Director in Maflow.
Research and development
As our client portfolio expands, Maflow invests in new production technologies, ie. induction brazing, bending processes after installation, an automatic assembly line as well as in products themselves i.e. IHX cables (Internal heat exchange – will increase efficiency of A/C systems while reducing the compressor size.