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Since 28 April 2006, POLYTEC Holding AG has been
included in the
prime market of Wiener Börse. The offer price for the POLYTEC share was
set at EUR 7.75. The first price was EUR 7.75. The high was at EUR 7.90
(update 11.00 a.m.).
[» current price information].
About POLYTEC Holding AG
The POLYTEC GROUP has a global presence with 20 production centres. A
workforce of around 3,700 is active in four business units (divisions):
- Automotive Systems
- Car Styling
- Automotive Composites
- Industrial
Customers such as BMW, VW, AUDI, GM, FORD and DAIMLER CHRYSLER have long
relied upon the competence and innovative strength of this Upper Austrian
company.
In 1986, Friedrich Huemer founded the POLYTEC ELASTOFORM company in
Marchtrenk for the development and production of top quality moulded
plastic parts using casting and centrifugal processes and spray coatings.
Today, the original part of the company, which forms the Industrial
Division accounts for around 2.7% of total Group sales.
In the mid-1990s, the POLYTEC GROUP started to focus on the automotive
industry through the expansion of the Car Styling Division. In teamwork
with automotive manufacturers, this division develops and produces plastic
and metal components for both vehicle interiors and exteriors, largely
using original accessory parts.
With the production of exterior trim, functional and structural components
for trucks and cars, the Automotive Composites Division is able to cover a
major area in the automotive manufacturing sector.
During the past five years, POLYTEC continually expanded its Automotive
Systems Division which focuses on the development and production of door
trim, engine compartment, interior and trunk parts.
With its broad technological base, the company has managed the leap needed
to become a development and systems supplier. Huemer sees the company’s
decisive advantage over other automotive sub suppliers as being, “Our
major strengths in the preparation of the entire process chain, starting
with the concept, engineering, development, the production of prototypes
and tools, and extending right up to pre- and series production, including
logistics and just-in-sequence delivery.”
Within the past five years, the POLYTEC GROUP has achieved a roughly
six-fold increase in its sales from approx. EUR 80 million in 2000 to some
EUR 500 million in 2005. The IPO should now provide the impetus for
further group expansion
For more information please visit:
www.polytec.at and
www.wienerborse.at
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