Toora's Polish IPO
"The development of Polish plants is impressing. We have ambitious plans ahead," says the president of ZM Almet and TMP FM Poland, Renzo Poli.
ZM Almet is a producer of car parts cast from aluminum as well as aluminum heaters for the construction sector, whereas TMP FM Poland deals with metalwork, distribution, and after-sales service of engine brackets and gearboxes produced by Toora Group. In 2004 the total income of both firms was zł.144.9 million, which represents a 150 percent growth on figures for 2003.
Toora Group plans to complete the public offer of its Polish companies by the end of 2005. Centralny Dom Maklerski PEKAO SA was chosen as the global coordinator and Bank Lazard is the financial adviser of the group.
Francesco Taglietti and Eros Cavalli, who are also the main shareholders, founded the Toora Group in 1979. The company's focus is on design, production and distribution of aluminum parts for the automotive market. Toora employs 600 workers in Italy and 400 people in Poland. The Group's turnover in 2004 was more than EUR 100 (zł.409) million. Toora's customers include PSA Peugeot Citroen, Renault, Group Fiat, Audi, and Daimler Chrysler.
ZM Almet is a producer of car parts cast from aluminum as well as aluminum heaters for the construction sector, whereas TMP FM Poland deals with metalwork, distribution, and after-sales service of engine brackets and gearboxes produced by Toora Group. In 2004 the total income of both firms was zł.144.9 million, which represents a 150 percent growth on figures for 2003.
Toora Group plans to complete the public offer of its Polish companies by the end of 2005. Centralny Dom Maklerski PEKAO SA was chosen as the global coordinator and Bank Lazard is the financial adviser of the group.
Francesco Taglietti and Eros Cavalli, who are also the main shareholders, founded the Toora Group in 1979. The company's focus is on design, production and distribution of aluminum parts for the automotive market. Toora employs 600 workers in Italy and 400 people in Poland. The Group's turnover in 2004 was more than EUR 100 (zł.409) million. Toora's customers include PSA Peugeot Citroen, Renault, Group Fiat, Audi, and Daimler Chrysler.
