Polish Privatization: Zakłady Maszynowe HAMECH Sp. z o.o.

"Hamech" was established in 1916, located in northeastern Poland near one of Poland’s biggest forests. Its main activity is the production of machinery and equipment for the timber, furniture and forest industries. Nowadays the main products are drying kilns, environmentally friendly heating systems and woodworking machines.

The State Treasury owns 100% of the shares. In the privatization tender the 15% of the shares can be bought by the employees and the remaining 85% is up for sale to investors. The nominal value of the stock is PLN2 550 000 (€639,944; $885,909). The price of the shares and the future development plans of the investor will be up to negotiations.

The deadline for submitting written Responses by the Potential Investors who have received the Memorandum shall expire on 5 March 2010 at 2:00 PM, Warsaw time. (Special formal rules apply for foreign bidders).