FAMUR SA, a leading supplier of solutions for the mining industry in Europe, and Gerbang Daya Mandiri PT, with its registered office in Indonesia, on 8 November this year signed a contract for delivery of a longwall system with the necessary equipment. The contract value is over EUR 10 million.
The FAMUR Group will once again be present at the International Trade Fair for Mining, Energy and Metallurgy in Katowice. The event will be held on 10-13 September in the International Congress Centre and the "Spodek" Arena.
Below you can find a tender offer to purchase shares in PRIMETECH Spółka Akcyjna of Katowice (the “Company”) (the “Tender Offer”), being given by FAMUR S (the “Bidder”) in connection with the planned purchase by the Bidder of shares in the Company, representing 100% of the total voting rights in the Company. This Tender Offer is being made under Art. 91.6 of the Act on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies of July 29th 2005 (consolidated text: Dz. U. of 2019, item 623) (the “Act”), and pursuant to the Regulation of the Minister of Finance of September 14th 2017 on the forms of tenders for sale or exchange of shares in a public company, detailed manner of their announcement and the terms and conditions of purchase of shares as a result of such tenders (the “Regulation”).
The FAMUR Group reported revenue of PLN 473.6m for the first quarter of 2019, down on the PLN 501.5m figure posted for the same period last year. A combination of the diversified product mix supporting revenue, continuous production process improvement and commitment to keeping costs low resulted in improved reported profitability.
On 13 May this year, FAMUR SA, a leading provider of mining solutions in Europe, and JSW SA, the largest producer of coking coal in the European Union, signed a contract for the delivery of a longwall system with the necessary equipment to KWK Knurów-Szczygłowice Ruch Szczygłowice. The contract value amounts to PLN 124,000,000.
The FAMUR Group, one of the key producers of mining solutions and bulk material handling systems in the world, recorded good results in 2018. Revenues over the past 12 months increased by 53% and reached PLN 2.229 billion at the end of 2018 with the Group's net profit of PLN 220 million. Good results are the effect of successful process of integration with the KOPEX Group, consistent implementation of the FAMUR Group's strategy and favorable market conditions.
Securing a gateway behind the longwall frontage is a problem that underground mines have faced for decades despite numerous attempts to improve this process. Due to an innovative approach, the patent no. P413645 obtained by FAMUR SA in December 2018 will undoubtedly facilitate work for miners and have a beneficial impact on the efficiency of the entire longwall system.