The Capital Group maintained a strong market position. With 20-30% drops in the prices of basic materials (including aluminium and plastic granulates), sales revenue exceeded PLN 5.2 billion and was only 12% lower than the record level of 2022.
Strong business and sustainable development
Caring for our positive impact on the environment, we care for the perspectives of our development in the future
In accordance with the binding Strategy 2025, the production capacity of the Extruded Products Segment and Aluminium Systems Segment will be increased by roughly 25%.
Apart from the business objectives, the Capital Group also determined a series of tasks and parameters within the ESG area, which have been implemented and monitored in the Strategy period.
Extruded Products Segment
The Extruded Products Segment consists of 7 companies, including 5 foreign companies. The Segment avails of four modern production plants. The Extruded Products Segment is not only the largest press shop in Poland but also an established European brand among the manufacturers of high-speciality aluminium products.
For the European manufacturers of extruded products, year 2023 was a challenging one.
Despite that, the Segment’s consolidated revenue reached PLN 2,108 million in 2023 and was lower by roughly 15% y/y. The share of the Segment’s foreign sales in 2023 remained at 52%, similarly as in 2022.
Increased importance of hard-alloy profiles extrusion capacity by the EPS.
In the situation of weaker demand for extruded products in 2023 (building and joinery systems, furniture production, and tourism), a great advantage of the EPS proved to be the capacity to extrude profiles from hard alloys, for which the portfolio of orders from the metallurgy, machinery, shipbuilding and defence sectors customers was full throughout the year. Owing to the fact that production of hard-alloy products is more difficult and demanding in every aspect, and the products themselves have more specialized applications, competition in that area is smaller. In Europe, only a few press shops have the capacity to manufacture such products.
Since the beginning of 2023, the Segment concentrated on the performance of major investment projects focused on launching additional production capacity, i.e. building a new hall and commissioning of two extrusion lines with 20 MN and 40 MN presses.
The first press was commissioned in March 2023, and in August the first elements of the second press of 40 MN arrived, and the whole delivery was completed by the end of December. The lines were ordered in Italy and installed in a hall of nearly 10,000 m2. The new presses will be mainly used in the production of profiles for the automotive business (complex aluminium products of special mechanical properties intended for crumple zone control, and bodywork structures), however the universal nature of the machinery will enable extrusion of profiles for customers in other sectors as well.
Aluminium Systems Segment
The Aluminium Systems Segment, whose leading company is Aluprof S.A., deals with the manufacture and sales of aluminium systems for the construction industry. The Segment focuses on developing environmentally-friendly and sustainable building solutions.
Consolidated revenue reached PLN 2,372 million, including PLN 940 million from foreign sales, representing 40% of consolidated sales.
The largest export markets are the Czech Republic, the United Kingdom, Germany, Belgium, Romania, Slovakia, and Hungary.
Development of environmentally-friendly solutions.
The solutions comply with the requirements of sustainable building, with the use of non-toxic preparations and chromium-free aluminium treatment. Buildings in which the Segment’s products were embedded obtain high scores in BREEAM or LEED certification. Window and door systems as well as façade systems possess Environmental Products Declarations, which are awarded on the basis of Life Cycle Assessment and confirm the products impact on the natural environment.
The main investment projects carried out in 2023 include:
- extension of aluminium systems production plant in Złotów (‘Aluprof bis’ Project), which will finally enable increase of the Segment production capacity by about 20‑25%;
- purchase of two coating lines in Bielsko-Biała, enabling production capacity extension by about 30%;
- machinery facilities extension in Opole, which contributes to the Segment production capacity increase by about 15-20%, depending on the products assortment.
Flexible Packaging Segment
The Segment is a leader in manufacturing flexible packaging materials in Poland as well as a recognised packaging manufacturer in Europe. It is also the largest Polish manufacturer of polypropylene films.
Consolidated revenue reached PLN 1,206 million, including PLN 601 million from foreign sales.
The largest export markets are Germany, the Netherlands, Ukraine, Hungary, Italy and Switzerland.
Improved laminates (thinner layers, reduction of packaging dimensions, more homogeneous material and less printing) having reduced impact on the natural environment, with maintained safety of the products packed in them.
In 2023, all capital expenditure covered replacement projects.
New, environmental solutions for laminates and mono-structures characterised with lower weight and higher materials homogeneity. New types of flexible packaging are based mainly on the use of homogeneous polypropylene and polyethylene films laminates. Laminates based on in-house produced biaxially oriented and melt-blown polypropylene films (BOPP/PPBTM) comply with the guidelines of the European strategy for closed-circuit plastics. They are fit for packing many types of products, such as instant foods, seasonings, coffee, fresh meat, cold cuts, or bread.
At the same time, technology for the production of laminates on the basis of paper, paper refined with heat-sealable, high-barrier varnishes, or thin polymer layers with heat-sealable and barrier properties is being developed in order to reduce the impact on natural environment.
At the end of the 1940s and beginning of 1950s, in order to reconstruct the Polish industry post WWII, plans for the construction a new aluminium processing plant originated. The decision made by the Ministry of Metallurgy bound the town of Kęty with aluminium, a material which has stimulated the development of the region. In 2023, we celebrated the 70th anniversary of Grupa KĘTY S.A. under the slogan of ‘Strong Business – Sustainable Development’.
In the last 20 years we have been creating a thriving industrial holding with international ambitions. Each of the Group’s operating segments is a leader in Poland and counts among the top ten in Europe.
We have spent billions on well thought out and timely completed investment projects, which brought the Company not only fast engineering development, but also permanent competitive advantage.
Our major shareholders are Polish and international financial institutions, mainly pension funds. Well-aimed investments, cooperation with international companies and concerns, stable dividend policy, as well as continuous improvement of the organisation management processes have resulted not only in very good financial results but also brought the Company’s share price to record high levels. We have been among the elite group of listed companies which regularly pay dividend to their shareholders.
Our approach to ESG
Aluminium has an enormous potential due to its properties, such as durability or corrosion resistance and, above all, complete recyclability. It is a desirable material with a view to climate-neutral economy, and indispensable for the development of renewable energy and electromobility, as well as perfectly suited to the circular economy concept.
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Our approach to ESG
The Capital Group engages in the communities of the areas where its companies are located. We have a real influence on our environment. We want to create positive change and, therefore, together with our employees who form local communities, we respond to challenges and needs and contribute to the region’s development.
Read moreOur approach to ESG
We are guided by the idea of caring for the entrusted assets. By way of taking management decisions, we have a real influence on the value of the shares of our Company and the generated financial results.
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