By Jaroslaw Adamowski
Podgrad, Slovenia -- US PU foam producer Carpenter is eyeing Slovenian PU foam maker Plama-PUR.
Three of the Slovenian company’s co-owners, Ales Musar, Rok Habin and Marko Konic, are reportedly considering selling their aggregate 50% stake in Plama-PUR, according to local business news site Finance.si.
The Slovenian manufacturer owns a production facility in Podgrad, in Slovenia’s south-western part, where it is operated by a workforce of about 190. The plant supplies its output to various sectors, including the automotive, furniture and shoe industries.
Plama-PUR says it was "among the first in Europe to use the innovative technological process Novaflex, adding CO2
for production and lower density foams".
PU flexible foam is made in 60-metre blocks, which can be further cut into shorter blocks. Their width ranges between 1,200 mm to 2,150 mm. For the automotive industry, Plama-PUR makes special foams with densities between 20 kg/m3
and 75 kg/m3.
In the first six months of 2015, Plama-PUR posted revenues of EUR19.1m ($20.8), up 1% compared with the same period a year earlier. The company’s net profit for the first half of 2015 totalled EUR1.7m, up 3% from the same period of 2014. In 2014, the company posted sales of EUR36.3m.
Export sales currently represent 80% of Plama-PUR’s revenues.
Carpenter says it is one of the world's leading producers of flexible PU foam, processed PE fiber and other types of related products.
Established in 1948, Carpenter has about 5,000 employees at 19 facilities worldwide.
XE currency conversion: 21 December 2015