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Luma Investment accelerates towards automotive.

Luma Investment has separated the Automotive group from amongst its companies. It consists of two foundries and a toolshop. - We place the accent on specialisation which is close to us - metal processing and fast-growing, highly-specialised sector related to automotive components - says Dr. Radosław Miśkiewicz, the chairman of the Luma Investment's Supervisory Board.

This capital group, having been constituted in August, consists of cast iron foundry in Kutno, zinc and aluminium foundry Saga Poland and a modern toolshop Luma Tools. The Group is constantly actively looking for new companies to the portfolio, which could complete technological competences of the other entities in terms of production and metal processing, in particular with application of advanced techniques of the Industry 4.0. The area of interest includes companies from the Central and Eastern Europe with special attention to the Polish market. Companies from the SME sector with EBIDTA (earnings before interest, taxes, depreciation and amortisation) up to EUR 10 m are taken into consideration.

- Creation of Luma Automotive Capital Group is a natural stage of Luma Investment's growth compliant with our strategic objectives adopted at the very beginning. We thoroughly understand operational mechanisms of the industry sector, particularly with regard to the Central and Eastern Europe. We have been investing here for years and the potential of production for automotive in Poland and in the region is still enormous. We place the accent on specialisation which is close to us - metal processing and fast-growing, highly-specialised sector related to automotive components. It is a substantial share in services outsourced by car producers. Modern technologies and solutions of the Industry 4.0 are of the utmost importance here. We are moving in exactly this direction - says Dr. Radosław Miśkiewicz, the chairman of the Luma Investment's Supervisory Board.