Iwamet Sp. z o.o.

Assessment with 5A System: CCNNN

Place on the List of aviation sector: 67

Place on the 500’2009 List: not listed

www.iwamet.com.pl

Established in: 2003

Company size: medium

Address: 37–450 Stalowa Wola, 28 Grabskiego StrZobacz na mapie

Voivodship: Subcarpathian

Type of business: suppliers and subcontractors

Description of business activity: The company IWAMET originally existed as a tool-room, then expanded its scope of activity and started providing services in a precision mechanical machining of spares for aviation and for other sectors. In 2007 IWAMET took over the shaped aluminium casting department from the Federal Mogul Gorzyce S.A. and then in 2008, in the new plant in Stalowa Wola, the production of aluminium casting in the sand formation technology based on chemo-curable mass (cold-box method) was initiated. New machines were installed which doubled the production capacity in low pressure. IWAMET is a family business.

Shareholders:: Kazimierz Iwasieczko – 50,0%, Stella Iwasieczko – 45,0%, John Iwasieczko – 5,0%

Financial data (thousand PLN)
2004 2005 2006 2007 2008 2009
Net revenues from sales 8 316 21 664 36 157 17 394
Net financial result
(profit/loss)
2 126 761 4 415 178
Capitalized value of R&D expenses
Intangible assets 6 74 24 1
Total assets 10 005 19 106 22 787 19 400
Equity 4 023 4 485 8 675 8 884

Description of innovative activity: According to the 5A System, the company level of market and process innovation is highly rated. The company assessment with 5A System is CCNNN.

Company status: member of the Aviation Valley

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