22/2012
The Management Board of Boryszew S.A. (the Company) informs that it has got today from German YMOS Group information on the forecasted sale for the years 2012 – 2015.
According to the received information the forecasted value of contrach with Volkswagen Group will amount In this period to EUR 190 m.
YMOS Group is the supplier of plastic and zinc elements, galvanized and chromium-plated for automotive sector, including finished cars doors opening systems.
Framework agreement with Volkswagen Group provides the possibility of imposing impoprtant conctractual penalties concerning quality and supplies delivered on time.
On march 13th, 2012 the subsidiary of Boryszew S.A. concluded an agrement concerning purchase of assets of German companies YMOS GmbH, YMOS Ubrig GmbH and YMOS Prenzlau GmbH (with production workshops in Idar-Oberstain and Prenzlau). The transfer of ownership of the purchased assets followed on March 25th, 2012 at 0:00.
Criterion of recognising contract as significant is the total value of supplies contracts to Volkswagen Group, exceeding 10 % of sales revenues of Boryszew Group.
Signatures:
Małgorzata Iwanejko – President of the Management Board