Boryszew has signed a contract (nomination letter) with one of the leading suppliers for the automotive industry for the supply by Boryszew Group companies of rubber hoses for the air conditioning system, intended for installation in electric cars, for the years 2024-2034, the company announced. The estimated value of deliveries in this period is approximately EUR 200 million.
“In connection with the concluded contract, it is planned to expand the plants belonging to the Boryszew Group with locations in China, Italy and Poland. The expected outlays related to this will amount to approximately EUR 13 million.
The concluded agreement will enable the further development of the competence of the Maflow Group in the production of specialized cables for the automotive industry, and its conclusion is in line with the Strategy of the Boryszew Capital Group for 2022-2026, which assumes, among others, development of new sales markets and acquisition of new end customers were also underlined.
The Boryszew Group is one of the largest industrial groups in Poland, specializing in the production of car components, processing of non-ferrous metals and industrial chemicals. It employs approx. 10,000 people. employees in over 30 plants located in 14 countries on 4 continents. Boryszew has been listed on the Warsaw Stock Exchange since 1996. Consolidated revenues amounted to PLN 6.26 billion in 2021.