Current Report No.: 6/2023
Management Board of Boryszew S.A. (Issuer, Company) advises that on 15 March 2023, the Company signed an agreement (Letter of intent ) with one of the leading suppliers to the automotive industry.
The subject matter of the agreement is the supply by Boryszew Group companies of rubber hoses for the air conditioning system to production facilities of the aforementioned customer, for installation in electric cars, in the years 2024 – 2034. The estimated value of deliveries during this period amounts to around €200 million.
Following the conclusion of the agreement, plans are made to expand the production facilities of the Boryszew Group with locations in China, Italy and Poland. Anticipated expenditure related to this will be about €13 million.
The concluded agreement will enable further development of Maflow Group’s competence in the production of specialist cables for the automotive industry, and its conclusion is in line with the Strategy of Boryszew Capital Group for 2022 – 2026, which assumes the development of new sales markets and acquiring new end customers, etc.
Other provisions of the agreement do not deviate from the standard terms commonly used for this type of agreement.
Legal attitude: Article 17 section 1 MAR – Confidential information.
Signatures:
Wojciech Kowalczyk – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.