Pol-Mot vying to acquire domestic auto parts producer
Automobile firm Pol-Mot Holding is believed to be finalizing talks to
acquire Szczecin-based auto parts maker Fabryka Mechanizmow Samochodowych
Polmo. The firm which makes gearboxes, cranks and propeller shafts is
owned by National Investment Funds (NFI) which include NFI Piast with a
30% stake. Pol-Mot is also rumored to be in talks to acquire a producer of
domestic car electrical devices. The subsidiaries are likely to supplement
the supply of parts to the firm's latest project, a small-sized tractor
being jointly produced in Mragowo with partner Escorts based in India. The
plant has already produced 80 tractors, each retailing for zl. 22,000,
since its inception in July. About 200 to 300 units are planned by the end
of the year. (Puls Biznesu, page 7)
