UNIOR Kovaška industrija, d.d. manufactures hand tools, implements, and machine tools. The company formerly known as Unior, Factory of Forged Tools Zreče was founded in 1919 and is based in Zreče. UNIOR is in the group of most important Slovenian companies in the metalworking area and a leader of the production of hand tools, machine tools and forged articles. The shares issued by UNIOR Zreče are listed on the Ljubljana Stock Exchange under UKIG identification code.
Metal processing industry is a strong industrial branch within Slovenian national economy with untapped potential in all three main activities: metalworking, machine building and transport equipment. Traditional business relationships with the leading companies in Europe and around the world are based on up-to-date technology, well-trained employees with professional expertise and total quality assurance. Due to historical, geographical and other reasons the prime export market is the demanding and highly competitive area of the EU, as well as East and Central Europe, the Balkan countries, Middle and Far East, Asia and both Americas. The fact that the share of Unior’s exports to the non-EU markets has been growing steadily confirms that its corporate strategy is good. On-going innovation and improvements made across the board will always be a guarantee that Unior belongs to the top range of national manufacturing industries.
However, to improve competitiveness Unior has to increase the value added of its forgings and deep drilling by processing, cost control, automation and by looking for new market opportunities and the development of alternative technologies. The reorganisation of sales and the distribution network, the development and marketing of specialised tools, the expansion of the production and sales of cold forging products, lean manufacturing, production and inventory planning and the computerisation of the operations performed through the sales network – B2B, are the activities of crucial importance to the company’s stability and further development. The first results of Unior’s financial and business restructuring are expected in 2014 and the company’s has set ambitious objective for its annual turnover in every segment of operations and higher value-added per employee. Unior has been also working hard on reputation-building as an engineering company. Human resources development, technical development, effective project implementation and project marketing are the elements of success.
By acquiring a shareholding in Unior, investors can count on its many advantages: Unior is a partner of the European automotive industry, it is a tool manufacturer of choice of professional and amateur craftsmen, an expert in automatic treatment and metal sheet processing, and a connoisseur of hospitality and leisure industry working constantly to increase the quality of services for demanding guests in its year-round resort on Mount Rogla with focus on health, recreation and sports.
In a nutshell, Unior with its manufacturing and R & D facilities, year-round resort, customer base and its people is a great opportunity to invest.
Brief company description
Address: Kovaška cesta 10, 3214 Zreče
Web address: www.unior.com
Management Board: Darko Hrastnik (President), Branko Bračko
The beginnings of Unior date back to 1919, but it became a public limited company in 1997. Its activities focus on 4 segments: forging parts (generally intended for the automotive industry), hand tools (5,500 different products, own trademark and original manufacture solutions), special machines (producing specific CNC machines for serial processing) and tourism (several health, thermal and ski resorts). It has 20 subsidiaries and 9 associated companies.
TOP 10 SHAREHOLDER STRUCTURE (23 July 2013)
|Shareholder name – regular shares||Number of shares||Stake (in %)|
|Kapitalska družba, d.d.||157,572||5.6|
|Rhydcon d.o.o. Šmarje pri Jelšah||141,790||5.0|
|Štore Steel d.o.o.||100,493||3.5|
|Zavarovalnica Triglav, d.d.||100,000||3.5|
|Slovenska odškodninska družba, d.d.||65,661||2.3|
|KD dividendni, delniški||57,792||2.0|
|Železar Štore D.P. d.d.||43,627||1.5|
As the company Unior d.d. is overleveraged it needs a capital injection.
Address: Mala ulica 5, 1000 Ljubljana, Slovenia
Registration number: 5727847000
VAT registration number: SI46130373
Legal status: public limited company
Telephone number: +386 1 300 91 13
General E-mail address: email@example.com
Web page: www.so-druzba.si
Slovenska odškodninska družba, d. d. (hereinafter: Slovenska odškodninska družba, d. d. or SOD) is a public limited company, whose sole funder and shareholder is the Republic of Slovenia. The Republic of Slovenia has, pursuant to the resolution of the National Assembly (Parliament) adopted at its session on 21 June 2013 (Sklep o soglasju k odtujitvi naložb Republike Slovenije, Kapitalske družbe pokojninskega in invalidskega zavarovanja, d. d., Slovenske odškodninske družbe, d. d., Modre zavarovalnice, d. d., D.S.U, družbe za svetovanje in upravljanje, d. o. o. in Posebne družbe za podjetniško svetovanje, d. d., Official Gazette of Republic of Slovenia, no. 52/2013), commenced with the sale of shares held, directly or indirectly, by the Republic of Slovenia in 15 companies.
This descritption has been prepared for information purposes only. It does not constitute an offer or invitation to purchase any shares in any Company and it is not intended to form the basis of any investment decision or any decision to purchase all or part of any Company. It may be used only for the purpose referred to above and may not be photocopied, reproduced or distributed to any other person.
Recipients are solely responsible for making their own independent assessment, investigation and analysis of the business, operations, financial condition, prospects, creditworthiness, status and affairs of any Company and the merits and risks involved in their eventual investment in shares of any of the Companies.
The information contained on the webpage constitutes publicly available information.
It does not purport to be comprehensive and has not been, and will not be, independently verified for accuracy and completeness by SOD. By publishing this information, SOD does not undertake any obligation to provide visitors with access to any additional information or to update this document or any additional information or to correct any inaccuracies in any such information which may become apparent. Accordingly, neither SOD nor their respective affiliates, directors, officers, employees, accept any responsibility, or make any representation or warranty as to the truth, accuracy or completeness of the information contained herein, and they shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on this document or any information contained herein or omitted herefrom.
This document does not constitute investment advice or an offer or solicitation for the purchase or sale of any financial instrument in any jurisdiction, nor should it be relied upon as the basis for taking any investment decision.
Unior’s production is divided in four segments: forged parts, hand tools, machine tools and activities in tourism. The company operates in compliance with the quality certification system of the International Standard ISO 9001 and it is renowned for high quality of its products and high utilisation of own capacities. Despite high productivity, profitability has suffered recently as it is ever more difficult for Unior to service bank loans in a difficult economic environment: new competitors taking market share, over-supply in the market, a fall in demand due to changes in consumer tastes, seasonal demand affecting the company's tourism-related activities with low occupancy of facilities in low season.
Unior is one of the largest and most important Slovenian exporters. The company’s main market is the European Union accounting for 90% of exports of all products in the field of metal manufacturing and processing. This means that Unior generates 80% of its sales revenues in the discerning EU market and Germany is its biggest export market. Unior has gained foothold also in other European markets outside the EU and in the Asian markets.
The fact that at the beginning of 2012, the global economy grew at the rate of 3.2 per cent as opposed to the economy of the European Union, which is the most important market of Unior, where growth was slightly negative, has affected Unior’s exports and in combination with the borrowing costs has led to the company’s net loss for 2012. Slovenia’s protracted recession has dented the company’s domestic sales in two ways: dampened household buying sentiment and the woes of the real sector and the banking system crisis. With the aim to return to profit, Unior engaged one of the top consulting firms to draft a blueprint of the company’s financial and business restructuring and started to negotiate debt restructuring with the banks. As regards the company’s recapitalisation, Unior’s shareholders headed by the holding company PDP, d.d. (37.11%) have not recapitalised the company since most shareholders are directly or indirectly controlled by the state and the company would not eligible for state aid. In conclusion, Unior needs a private investor and fresh capital.