Bio Planet, from the organic food packaging and distribution sector, has moved its listing from NewConnect to the WSE main floor. The market change is accompanied by an offer of shares, from which the company intends to obtain up to PLN 6.5 million gross for the construction of new packaging plants. Subscriptions for the shares started on Friday, November 19.
Bio Planet has been operating for over 15 years and is the leader in the Polish market in the production and distribution of certified organic food. Its market share is approx. 20-25% (according to research by the Polish Chamber of Organic Food and PMR Market Experts).
One of the basic strategic goals for the coming years is to build new packaging plants. It is for this purpose that the funds obtained from the ongoing public offering will be allocated.
The construction will enable the company to triple its processing capacity by 2024 compared to the current state.
“Exactly, we are aiming for the capacity to package 18 million packages of durable products per year in a two-shift system. Currently, this volume is 6 million parcels. ” – explains Sylwester Strużyna, president of Bio Planet.
In addition to increasing processing capacity, the company expects that the investment in automation will also reduce the unit packaging costs. According to the management, the quality of packaging will also increase. The company will also be able to resign from renting the real estate in which the current plants are located.