In less than two months after the announcement of the planned investment projects by Timar, the logistics operator returns to the scene Summoning its shareholders for a capital increase. Next meeting Feb. 16, they will decide on the resolution to increase the capital of 20 million DH aware that first half, bringing to 39 million dirhams. When contacted, the company management did not want to communicate about the transaction before the visa CDVM, confirming however that "the amounts raised will fund, among other projects announced last December. Indeed, a few weeks ago during a press conference, the company had traded the stock of its activities since its IPO in 2007 (see " Daily echoes "of 3 December 2010) by sharing the financial sphere ambitions and prospects.
Ambitions At this time, management had stated that to provide the means to execute all his predictions, two avenues of funding had been identified, namely the capital or the use of banking system . In line with the investment programs advertised at this time, over the period 2011-2013, Timar had estimated its need for cash to 18.1 million dirhams. An amount that the fund raising permitted by this operation capital increase, precisely, should easily cover. Similarly, the increase in capital will allow the company to increase its ratio of financial independence, which is nearly 50% now. For its investment program, Timar had considered a target of 7.1 million dirhams for the year 2011, as announced last December. The main purpose is to endorse the acquisition of trailers, tractors and software logistics (WMS) and the equipment of the new warehouse in Casablanca in Clarks. Project will require, alone, 1.5 million DH. In 2012 and 2013, investments provided mainly concern the acquisition of new tractors and trailers for 3 million and 5 million dirhams respectively. In addition, the company also announced its "Timar Tangier Med. Scheduled for an investment of 7 million DH, this project is the equipment and the construction of a platform in the logistics area 3.000m2 Tangier Med port and run by its new subsidiary "Timar Tangier Mediterranean. The company will offer groupage activities between the rest of the World and West Africa via the North Port of Tangier Med. Similarly, it intends to offer logistics services and inventory management. By At the same time, leaders of Timar had announced the creation of a subsidiary in Dakar named Timar Africa. This will be operational during 2011 in order to ensure better coverage of Africa.
source lesechosquotidien.ma
0 comments:
Post a Comment