The Boryszew Group has high aspirations. It wants to be ranked among the world’s top 100 automotive suppliers.
The company hopes to achieve this ambitious goal within the next few years. How? At a conference last Monday, the Group’s representatives made it clear that the goal could not be achieved only by increasing the sales of the Group’s existing automotive manufacturing plants. To be one of the top 100 suppliers, Boryszew will have to achieve sales of automotive components at around US$ 1.6 billion annually. Currently, its sales are about one-fifth of the target and generated largely by the Group’s operations in the chemical and metallurgical industries.
Therefore, Roman Karkosik, the main shareholder, wants to expand the Group through acquisitions. Currently, Boryszew is interested in acquiring 8 automotive companies, the largest of which has annual revenue of EUR 400 million. Karkosik expects to acquire three of the companies next year.
Also, the Group is expanding the operations of the Maflow Group, which Boryszew is in the process of acquiring. Boryszew is not only closing the acquisition of the Maflow Group’s subsidiary in France and planning to build new manufacturing plants in India and Russia, but it’s now also considering the launch of its own production of a rubber compound at one of Maflow’s plants.
The Boryszew Group is also considering the following directions for developing production for the automotive industry:
- own production of aluminium tubes and blocks at one of the Group’s Polish companies,
- production of body metal sheets at Imprexmetal – Konin Aluminium Smelter,
- extending its range of automotive tubes and pipes to include turbocharger tubes.
