FORTACO AS AN INVESTMENT
TOGETHER WE SHAPE YOUR INDUSTRY.
Fortaco’s diversified industry exposure provides protection from cyclicality.
Interim Review 1.1.-30.9.2023
Fortaco continued its consistent strategic path during the period under review. We completed the acquisition of MauserCABS as planned and acquired the remaining part of the shares and reached 100 per cent ownership of Buisard Cabins. We announced the inauguration of the Tata AutoComp manufacturing facility for state-of-the-art vehicle cabins in Pune, India. The ongoing project with the aim of increasing production capacity of steel fabricated components is progressing as planned in Gliwice, Poland.
Uncertainties in the global operating environment are reflected in our businesses during the period as the market started to soften. Depending on the market and customer segment, retailers and OEMs continue to adapt their warehouses as the distribution situation in the supply chain normalizes after the Covid pandemic.
We see growth in customers’ needs in the US market, and as earlier communicated, we plan to expand our business in this market area in the near future.
Fortaco continues to attract new business resulting in increased market share, new customers, and the introduction of new products. We have a solid, established market position, quality performance, and excellent delivery performance, which makes us an interesting strategic partner to our current and new customers.
President & CEO
*) LTIF – No. of injuries per million working hours.
FORTACO IS THE LEADING STRATEGIC PARTNER TO THE HEAVY OFF-HIGHWAY EQUIPMENT AND MARINE INDUSTRIES
Press releases and Stock Exchange releases