After again presenting better figures for the first half of 2022, Polish automotive components supplier Boryszew (Sochaczew; www.boryszew.com.pl) has also introduced a new business strategy for 2022-2026.

At the heart of the programme are expansions of activities in the metal and plastics segments, with the aim of tapping into new markets and winning additional customers. From the financial point of view, the target is to achieve EBITDA of PLN 600 mn (EUR 127 mn) in 2026. After the first nine months of the current financial year, Boryszew is expected to be around PLN 150 mn away from that mark.

In the recent past, the company has experienced considerable ups and downs. In fiscal 2021, Boryszew reported sales of PLN 6.25 bn and an operating result of PLN 170 mn. However, the company said business collapsed in Q4, even ending the quarter in the red. In the first three quarters of 2022, however, sales rose to PLN 5.2 bn, and the operating result also recovered significantly to PLN 357 mn.

Boryszew CEO Wojciech Kowalczyk noted that the automotive division, which contributes around one-fifth to group sales, is expected to profit from the transformation of global car production in the direction of e-mobility. “We want to expand our components portfolio for electric vehicles,” he said.

At the same time, production of pipes, tubes, and hoses made of metal, rubber, and plastics for media transport at subsidiary Maflow is to be modernised. With new machines, the aim is above all to reduce energy consumption and carbon emissions by 20% by 2026. Two new plants in Dalian in Liaoning Province, China, and San Luis Potosi, Mexico are also planned up to 2023.

Plans for the subgroup Boryszew Automotive Plastics involve expanding the range of products to areas outside car production. Target markets here include domestic appliances and electronics. Until now, the company has been manufacturing lockers, cockpit elements, door handles, and engine covers.

At the end of 2021, Boryszew sold former polyester fibre manufacturer Elana PET (Torun, Poland) for just under PLN 31 mn to Lerg (Pustków, Poland; www.lerg.pl) as it was “no longer part of the core business”. Elana has since been renamed LergPET and now operates as a PET recycler.