Ekoplast going public
17:01
As part of an effort to increase production capacity, window and door manufacturer Ekoplast will conduct an IPO, according to Polish press reports on Wednesday. The company said in a memorandum that it will issue no more than 2,790,000 series B shares. It is expected to use additional revenues from its sale of the shares to build a new warehouse and production lines. The bookbuilding process will take place between November 25 and 28. By the second week of December, the company expects to debut on the NewConnect market of the WSE, the report also indicated.
Upper management at Ekoplast was optimistic that the increased funds would allow for a new production hall during the first half of 2018. “The measures we will gain through the issue will allow for the implementation of key investments from the point of view of business and (will also enable us) to strengthen our position and competitiveness on foreign markets,” president Dariusz Chwastek commented.
Ekoplast, one of Poland’s most successful exporters of plastics and wood furnishings, produces awnings, blinds and shutters, in addition to window and door frames. It had revenues PLN 36.7 million in 2015, and exports approximately 90 percent of its products, according to the company’s website.
