Laying the foundations
Opoczno plans to float 16.26 million shares on the stock exchange next month, which is 99 percent of the company's initial capital. Share subscription begins on June 16 with the market debut set for June 26.
Opoczno commands 26 percent of sales on the domestic tiles market (70.9 million sqm in 2004). The company's products are sold under three brands - Opoczno, Primacer and GresTeQ - via a well-developed distribution network of about 120 warehouses supplying 2,350 sales points, including all of the six big DIY chains.
The company has a growing export market in Ukraine, Russia and the Baltic countries, where on April 22 the company took over Lithuania's market leader, Dvarcioniu Keramika.
"The company underwent great changes in the years 2000-2004," says president of the management board, Sławomir Frąckowiak. "We disposed of all assets that were not related to our main business activity, created a brand new sales and marketing department, built the new Mazowsze production plant and considerably improved our productivity."
The selling price is expected to be set on May 25. According to Zbigniew Prokopowicz, president of the supervisory board, individual investors might be interested in the fact that the subscription for Opoczno shares starts after June 8 - the last date investors can subscribe to Lotos shares on . Prokopowicz suggests those who do not succeed in investing as much as they wanted in Lotos will have an opportunity to sink their money in ceramic tiles instead of fuel.
Opoczno commands 26 percent of sales on the domestic tiles market (70.9 million sqm in 2004). The company's products are sold under three brands - Opoczno, Primacer and GresTeQ - via a well-developed distribution network of about 120 warehouses supplying 2,350 sales points, including all of the six big DIY chains.
The company has a growing export market in Ukraine, Russia and the Baltic countries, where on April 22 the company took over Lithuania's market leader, Dvarcioniu Keramika.
"The company underwent great changes in the years 2000-2004," says president of the management board, Sławomir Frąckowiak. "We disposed of all assets that were not related to our main business activity, created a brand new sales and marketing department, built the new Mazowsze production plant and considerably improved our productivity."
The selling price is expected to be set on May 25. According to Zbigniew Prokopowicz, president of the supervisory board, individual investors might be interested in the fact that the subscription for Opoczno shares starts after June 8 - the last date investors can subscribe to Lotos shares on . Prokopowicz suggests those who do not succeed in investing as much as they wanted in Lotos will have an opportunity to sink their money in ceramic tiles instead of fuel.
