A rePort: How is a head- liner actually produced? friedrich ... - polytec

Milestone
... NOT
STIRRED
James Bond and his car were on everyone’s
lips last year. Hardly anyone
knows that the POLYTEC GROUP
regularly supplies parts for the British
Blockbuster, most recently for the
Aston Martin Vanquish, the Bond Car
from “Die Another Day”. With a formula
1 inspired gearbox which makes a gear
change possible in 250 milliseconds, a
6 litre, 400 bhp, V12 engine which can
propel it from zero to 100 km/h in under 5
seconds, this metallic beauty can be yours
for 228,000 US dollars as long as you are
prepared to join the 18 months long waiting
list! Fitted to every car are the elegant front and
rear bumpers supplied by the POLYTEC GROUP.
Polytec Composites
Sweden: Negotiations
about headcount reduction
concluded positively
A major step forwards in the restructuring of Polytec Composites
Sweden was made last year: In the middle of
October, negotiations with the Swedish Trade Unions about
a headcount reduction were concluded positively. The
agreement with the union plans a reduction in headcount at
the Swedish site by the end of the second quarter of 2007.
Consequently, the number of employees after the conclusion
of these measures will stand at around 130. “The result
to the negotiations represents a fundamental milestone of
the restructuring program of Polytec in Sweden” says Alfred
Kollros, COO Automotive Composites.
CLEAR AND
CONCISE
A brave new world
April 28th 2006 could be considered as the second birthday of
the POLYTEC GROUP. At the end of April of the previous year, the
Upper Austrian car supplier group was listed on the Vienna stock
exchange. The offer price for the 11,616,056 shares – 8,616,056
shares from the Private Equity Partners Capvis as well as 3,000,000
from a capital increase of POLYTEC HOLDING AG – was fi xed at
EUR 7.75. The total issue volume amounted to EUR 90 million.
Despite the negative stock market environment at that time, the
placement met with great interest from both private and institutional
investors. “In our extensive roadshow, we managed to convince important
investors from Great Britain, Austria and Central Europe of
our prospects for growth”, says Friedrich Huemer, Chairman of the
Managing Board of the POLYTEC GROUP. The net issue proceeds
of around EUR 23.3 million will now be used for fi nancing further
growth of the POLYTEC GROUP.
From zero to one hundred
km/h in under fi ve seconds:
POLYTEC supplies the face
for the James Bond car
POLYTEC
ANNUAL REPORT 2006
7