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19
mo than 25 yea FORI GROUP BUSINESS & SUSTAINBILIT REPORT USINESS & Y REPORT

Transcript of more than 25 years - Fori groupforigroup.com/wp-content/uploads/2016/08/FORI-porocilo... ·...

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more than 25 yearsFORIGROUP

BUSINESS &

SUSTAINBILIT

REPORT

BUSINESS &

SUSTAINBILIT

Y REPORT

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publisher

skupina fori

prešernova 1a

3320 velenje

slovenia

p. +386 3 898 47 00

f. +386 3 898 47 26

[email protected]

www.fori.si

editorkatja forštner

design & printmirsad burgic

eurograf d.o.o.

circulation2000 copies

LETTERFROMTHECEO

WHOWEARE

FINANCIALHIGHLIGHTS

TECHNICALTEXTILEDIVISION

PLASTICMETALDIVISION

FAIRS2016

ENVIRONMENTALMANAGEMENTSYSTEM

COMMITMENTOFMANAGEMENT

PEOPLEMAKESUCCESS

4

6

8

16

21

24

26

27

30

TABLE OFCONTENTS

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TheFORIGrouphasbeenrecordinggrowthandsuccessfullyovercomingchallengesonitspathtodevelopmentformorethan25years.Myleadingprincipleofsettinghighobjectivesifwewanttobesuccessfulwasalsoprovedbyourresultsin2015.In2015,FORIGroupincreasedtheirsalesrevenueby13%fromthepreviousyear,conquerednewmarkets,significantlyimprovedprofitabilityandstrengtheneditsfinancialstructure.

Our product sales in more than 60 countries from our companies in Slovenia, Serbia, Russia and China, which have a total of 637 employees, created a consolidated income of 42.15 million EUROS.

LETTER FROM THE CEO

The success of our company is the consequence of our innovativeness and our great team of employees, which is based on trust and good working relationships between the individual companies of the Group and high quality exchange of information between employees.

CEO of FORI GroupMilan Forštner

Iamparticularlyproudthatourproductsarebeingsoldinmorethan60countriesworldwideandthatwearestrengtheningourbrandawarenessalsoinRussiaandtheMiddleEastandAmerica.The2015resultsconfirmthatweareworking well and are on the rightpath for further success. Regardingthe conditions on the national andglobal market, we recognise thatwe must constantly adapt to theconditions on themarket and haveclearlyplannedobjectives.This year, we have focused mainlyon looking for new possibilitiesand researching opportunities forbusinessgrowthinthenextyear.It is important that in theupcoming year we implementnew technology, new material,and more complex production,in addition to strengthening our

existingengineeringandmarketingknowledge, whilst optimisingexpensesandinvestments.FORIGroupremainsaninternationalcompany with a long tradition,knowledge and technology, andthus we will as both owners andemployees continue to adapt to themarketandfollowglobaltrends.Ifwewant tomaintainourpositionamongthesuccessfulplayersontheinternational market, we must aimforsuccessyearafteryear.I am convinced that with our teamofenthusiastic,motivatedandfocusorientedindividualswecancontinuetosuccessfullydefytheinternationalcompetitionandensureourplannedannual growth of 5-10% of the FORIGroup companies in the upcomingyears.

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WHO WE AREFORIGroupisanoverarchingorganization,integratingseveralbusinesssystemsandactivities:production,tradeandengineering.Ourtrademarkisbeingopenedtonewbusinessopportunitiesandinternationaloperation,whiletheGroup’skeyobjectivesarestrategicandcapitaltieswithintheGroupaswellasefficienteconomyandorganization.

637employees

47.9 €milion

consolidatedtotal assets

By 2020, we plan sales income

growth to

48.8 €42.2 €

milionconsolidated

sales income in2015

Itisnotsomuchwhatwedo,buthowwethink.WithintegrateddeliveryASSOCIATEDENTERPRISESwearetryingtosurpasstheexpectationsofourcustomers.

OurMissionTo have Flexible Organization of Research and Development Ideas, and strive toachievecustomersatisfactionwiththecablesandinthecar.

OurVisionOurgoalistobecomearecognizableWorldOEMsupplierandtrademarkownerforthewhitegoodsindustry,OEMsupplierfortheautomotiveindustryandcableindustry.Inthefuturewewanttodoubleouraddedvalueperemployeeandimproveourimagewithhigherstandardsaswellasuniqueinvestments.

SalesperbusinessdivisionThenetsalesofFORIGroupwillhavegrownby2020mainlyintheautomotiveandcableprogramme,atarateof4%annuallyandwithfocusonmarketsinEurope,Asia,theMiddleEast,AmericaandRussia.

s a l E s B y B u s I n E s s d I v I s O n % s a l E s B y C u s T O M E R s E G M E n T %

FORI TEXTIlE sERSerbia,Kragujevac

FOR RusRussia

sInOsITECChina,Quingdao

87%Textil

61%automotive industry

26% Cable industry

7% Integrated solutions6% White goods industry

13%Plastic & Metal

Cable absorbers

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FInanCIal HIGHLIGHTSThe net sales of FORI Group will have grown by 2018 mainly in the automotive and cable programme by a rate of 10% annually and with focus on markets in Asia, the Middle East and America. In the coming years our focus will be to increase profitability and added value in all programmes. On the basis of this healthy growth we will reduce our debt and lower our net financial debt to EBITDA from a ratio of 3.7 in 2014 to 1.4 in 2019.

13%PlasTICs and METal

87%TECHnICal TEXTIlE

6% PlasTIC and WHITE GOOds

7% InTEGRaTEd sOluTIOns

26%CaBEl IndusTRy

61%auTOMOTIvE IndusTRy s a l E s

B y M a R K E T s

s a l E s B y B u s I n E s s d I v I s O n % s a l E s B y C u s T O M E R s E G M E n T %

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Financial liabilites

Inthecomingyearsourfocuswillbetoincreaseprofitabilityandaddedvalueinallprogrammes.

OnthebasisofthishealthygrowthwewillreduceourdebtandlowerournetfinancialdebttoEBITDAfromtheratioof3.7inyear2015to1.4in2020.

T E R M s T R u C T u R E O F a s s E T s a n d l I a B I l I T I E s

a s s E T s I n %

l O n G - T E R M a s s E T s s H O R T- T E R M a s s E T s

l O n G - T E R M l I a B I l I T I E s s H O R T- T E R M l I a B I l I T I E s C a P I Ta l

2 0 1 4 2 0 1 5

l I a B I l I T I E s I n %

61%

59%

42%

2 0 1 5

FInanCIal lIaBIlITIEs In 2015

lOnG-TERMFInanCIallIaBIlITIEs

sHORT-TERM FInanCIal lIaBIlITIEs

By improving the maturity of funding, we assure the financial stability of FORI Group.

39%

41%

30%

28%

sHORT-TERM FInanCIal lIaBIlITIEs

lOnG-TERMFInanCIallIaBIlITIEs

FInanCIal lIaBIlITIEs In

2014

2 0 1 4

40%

30%

30%

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Consolidated Revenue EBITDA Consolidated

C O n s O l I daT E d E B I T da I n R E v E n u E % I n 2 0 1 5

COnsOlIdaTEd REvEnuE

COnsOlIdaTEd EBITda In MIO €

COnsOlIdaTEd REvEnuE In MIO €

3737

42

201520142013

The consolidated revenue of FORI Group will have grown by 2020 mainly in the automotive and cable programme.

Created EBITDA allows

us to finance working capital,

repayment of debt and money for investment.

Planned consolidated Revenue in mio €

yEaR 2016 2017 2018 2019 2020

Planned consolidated Revenue 42 44 47 49 49

Consolidated Revenue in mio €

yEaR 2013 2014 2015

Consolidated Revenue 37 37 42

4949

47

44

42

2016 2017 2018 2019 2020

PlannEd COnsOlIdaTEd REvEnuE In MIO €

Planned Consolidated EBITda in mio €

yEaR 2015 2016 2017 2018 2019 2020

Planner consolidated EBITda 5,3 8,4 9,0 9,6 9,6 9,6

9,6

2020

9,6

2018

9,6

2019

8,4

2016

5,3

2015

9,0

2017

100%

12,5%COnsOlIdaTEd

EBITda In REvEnuE

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Consolidated CAPEX Consolidated EBIT

Financial Liabilities

We take care of the development and new investments of Fori Group.

Planned CaPEX in mio €

yEaR 2015 2016 2017 2018 2019 2020

Planned CaPEX 1,5 2 2 2 2 2

P l a n n E d C O n s O l I daT E d C a P E X I n M I O €

20162015 2017 2018 2019 2020

Consolidated EBIT is the result of our cost efficiency and productivity.

Consolidated EBIT 2013-2015 in mio €

yEaR 2013 2014 2015

Consolidated EBIT 3 4 3

C O n s O l I daT E d E B I T I n M I O €

2014 20152013

2015 2016 2017 2018 2019 2020

By improving the maturity of funding, we assure the financial stability of FORI Group.

Planned financial liabilities in mio €

year 2015 2016 2017 2018 2019 2020

Financial liabilities 19,34 18,62 15,99 13,69 11,06 10,73

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TECHNICAL TEXTILE DIVISIONFORI Group is the headquarters for the integration of several business systems and activities: production, trade and engineering. Our trademarks represent new internationally renowned business opportunities for FORI Group in different industries: automotive, cable, medical, aviation and construction.

FORIGrouparealwaysthepeoplewhomakethenews.Theymakeusrecognizablebytheirreliability,flexibility,innovationandconstantconcernofenvironment.

Itisnotsomuchwhatwedo,buthowwethink.

WiththeintegrationofASSOCIATEDENTERPRISESwetrytoexceedtheexpectationsofourcustomersandreachourgoalstogether.

The Technical Textile Division consists of 4 pillars:

The1stpillar The2ndpillar The3rdpillar The4thpillar

Laminating,Cutting,Sewingofmaterials

forInteriors:Automotive,

Aviation,Railwayindustry

LaminatesforCableindustry

LaminatesforBuildingConstruction

Insulationindustry

SorbentsandCoversforMattressesforahighqualityoflivingpeople

TheProductionPlants:

Slovenia,Serbia

TheProductionPlantsandlocations:

Slovenia,China,Serbia,Russia

TheProductionPlants:Slovenia

TheProductionPlants:

Slovenia,Serbia

Trademark

FORIfoamsFORIscrimsFORIwebsFORIfabricsFORInonwoven

Trademark Trademark Trademark

The 1st pillar in the technical textile division

laMInaTIOn TECHnOlOGIEs, CuTTInG & sEWInG: InPuT: differentmaterials asPU foam,non-wovens,needlepunched, felts,watte,webs, foils, knitted scrims, woven fabrics, face fabrics, vinyl, leather, 3D meshmaterials,fillers,flameretardantFARmaterials,lowemissionandrecycledmaterials,acousticandbarriermaterials,absorbents,membranes...

PROduCTIOn PROCEssEs:

laMInaTIOn:FlamelaminationHotMeltlaminationWeblaminationCutpartslaminationThermoadhesivecoatingSuperabsorbentlaminationSelf-adhesivelamination

CuTTInG:PiecesTapesSpools

sEWInG:SeatcoversHeadrestsArmrestsMattressescoversSheetsPads

OuTPuT:bi-laminates, tri-laminates, multi-laminates in rolls, laminated cut pieces. Finalproductsasseatcovers,headrestcovers,armrestcovers,laminatesforsoundproofing,insulation laminatesagainstmoisture,doorpanel laminates,floor laminates, rooflaminates,mattressescovers,sorbentpads..

AUTOMOTIVEindustry-interiors:

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AUTOMOTIVEindustry-interiors:

RAILWAYindustry-interiors:

The 2nd pillar in the technical textile divisionProductsfortheCableindustry

laMInaTIOn TECHnOlOGIEs & CuTTInG:

PROduCTIOn PROCEssEs: Coatingwithcarbonblack

laMInaTIOn:Superabsorbentlamination,drylamination,coatinglamination

CuTTInG:tapes,spools

OuTPuT: products:Tapesandyarnsfordifferentapplicationsincables:powercableLV,HV,MV,EHV,telecommunication,opticalfibercable..

The 3rd pillar in technical textile division LaminatesforBuildingConstructionInsulationindustry

laMInaTIOn TECHnOlOGIEs & CuTTInG: INPUT:nonwovens,needlepunchedmaterials,felts,absorbentpowder,paper,foils,glue..

PROduCTIOn PROCEssEs:

COaTInG & laMInaTIOn:Self-adhesivecoating,transferlamination

ROlls OR CuTTInG:Sheets,pads

OuTPuT: Self-adhesivelaminates,bi-laminates,tri-laminates..

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MetalprocessingAtourplantinVelenjeweestablishedmetalprocessing;cutting,press cutting (punching), bending, forming – deep drawing,welding,brushing(grinding)andalsothefinalphaseassemblyofmetalplasticscomponentsandsmallhouseholdappliances.

InputmaterialsStainlesssteel(INOX)ordinaryandzincked(warmandelectro)metalsheet,aluminumsheet,plasticandothersemi-products.Additionalservices:Assembly(line),powdercoating(painting),washing,thermaltreatment.

CuttingGuillotinecuttingofsheetmetalupto4mmthickand2000mmwide.Wealsooperate thespecialedge trimmingandcuttingmachinefromOMERAR1000.

PressCuttingThisisdonebylargeCNCpunchingmachinesallowingsheetmetal to be cut into arbitrary shapes (Arcade 212, Vipros255,Europe245machines).Maximumthicknessofsheetmetal:3.0mm.Basicsheetsize:1250x2500mm.

BendingForthebendingofsheetmetalweusetwobendingmachines.Thelargerofthetwohasabendingforceof500kNatabendinglengthof2000mm.Thesmallermachinehasa250kNbendingforceatabendinglengthof1200mm.BothmachinesarefromAmadaSchiavi.

Forming-deepdrawingThedeepdrawingofsheetmaterialisperformedusingourbighydraulicpressOMERAwhichhas6300kNramforceand3000kNholdforce(tabledimension1600x1300mm,strokeofpress800m)andthreesmallerhydraulicpresses(1250,1600and3150kNramforce,allOMERAbrand).However,smalleritemsofwireandsheetmetalcanbepressedonsmallereccentricpresseswith200-1600kNramforce

PLASTIC METAL DIVISION

The 4th pillar in technical textile division SorbentsandCoversforMattressesforahighqualityoflivingpeople

laMInaTIOn TECHnOlOGIEs & CuTTInG & sEWInG:InPuT:non-wovens,fabrics,needlepunchedmaterials,felts,membranes,absorbentpowder,foils,glue,knittedfabrics,jacquardknittedmaterials,PUfoams..

PROduCTIOn PROCEssEs:

COaTInG & laMInaTIOn:FlamelaminationHotMeltlaminationWeblaminationCutpartslaminationThermoadhesivecoatingSuperabsorbentlaminationSelf-adhesivelaminationwithhighabsorbtioncapacity

CuTTInG:rollsorcutparts,sheets,padssEWInGofcovers,pads,sheets

OuTPuT: sorbent covers, matresses covers , covers for therapeutic tables, beds,coversforwheelchairs

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PLASTIC METAL DIVISION

Inputmaterials:ABS,PS,PP,PC,PBT,PA6,...

Additionalservices:Assembly,powdercoatingofplasticparts(painting),toolmaking,tampprintsandserigraphy.

The shaping of various types of sheet metal isperformed on 9 hydraulic and eccentric pressesmanufacturedbyOMERA,GRABENER,PRESSEROSS.Thepressingforcesofthesemachinesvarydependingon their size, from 1250 to 6300 kN. All hydraulicpresseshavea retainingcushion to retain thesheetmetalformatsduringthedeepdrawingoperationwithamaximumforceof600to3000kN.

PlasticsTakingintoconsiderationthebasicstrategicdevelopment,whichdemandsanintegratedandcomplexoffer,wealsodevelopedaplasticprogramme,withanemphasisonplasticprocessingandplasticinjection.Inthesegmentofplasticinjection,wehaveseveralyearsofexperienceinthemanufacturingofcomponentsfortheneedsofmanufacturersofsmallandlargecomponentsfortheautomotiveindustry.Asadditionalserviceswealsoofferassemblyandthevarnishingofplasticproducts.

InjectionmouldingThethermoplasticmaterialsourprocesstechnologyfeaturescomputercontrolledproductionusing14KRAUSSMAFFEIinjectionmouldingmachineswhichhaveuptoapprox.3600gcapacityandaclampingforcefrom40to800tons.Themachineswerepurchasedinsuccessionmainlyfrom2002onwards.Allbigmachines(above300tons)areequippedwithSEPROautomaticmanipulators.

ToolmakingInourowntoolshop,wedesignandproducetoolsintendedforshapingalltypesofsheetmetal(StainlessFe(INOX)ordinaryandzincked(warmandelectro)metalsheet).Whenmakingtools,wefullyconformtothecustomersrequirementsandneeds.Duetolimitationsofproductioncapacities,wehavedecidedtohiresubcontractors,toolmakingspecialists,tomanufactureplasticproductinjectiontools.

DesignandDevelopementInanyindustrialarea,takingintoaccountthecustomer’wishes,weofferanexecutionofintegrateddevelopmentsolutionswithinwhichweguaranteecooperationinjointprojects,fromthedesignconceptionofproductsorassembliestothephaseoflayingconceptsforindividualassembliesortheircomponents.TheengineeringtoolsmostoftenusedintheconceptlayingprocessarePro/EngineerandCatia.Incaseoftheexecutionofamoreextensivespecificmechanicalanalysesofproductsisneeded,weseekcollaborationwithexternalspecialisedexpertinstitutions.

NETSALES

PERDIVISION

%87%Textil

13%Plastic & Metal

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FaIRs 2016presentationofnewmaterialthatwecanoffer to complete the range. It isimportanttomentionournewclients;our stock possibilities, delivery ofrequired, even small quantities, ina short timeframe with all customsprocedures completed –is definitelyan interesting offer for them. Ourexpectations for2016on theRussianmarketarehigher,weshouldachieve3mil€inturnover.Our trade stand for CABEX this yearalso generated a lot of interest; weusedaphotoofalltheparticipantsatthelasttechnicalconference

WIRE, düsseldorf 2016

WIRE in Düsseldorf is certainly themost important trade fair for cableindustry actors to present and findnewopportunities.Wehave,ofcourse,takenthispossibilitywithTOPTAPESandtriedtoachievemaximumbenefitfromthisevent.Theboothbackgroundwas a photo from the last technical

conference in Slovenia that was apoint of interest for participants thatfound themselves on the picture,but also for those participants whowant to participate in the followingone.Additionalmagnets to our standwere the singers from Navihanke,who prepared a wonderful musicprogramme.The number of visits to our boothsexceeded our expectations. Many ofthe 150 companies present were ourexistingpartners,andthatisproofthatTOP TAPES are known worldwide. Alot is alsoexpected fromnewclients,we counted almost a quarter of allvisiting companies, as this is a newopportunity,onanewmarket.Specialattentionwasalsogiven to all guestsfrom Iran; Tuesday’s programme wasdedicatedtothem.

MIDDLE EAST ELECTRICITY, dubaj 2016Lastyear,theMIDDLEEASTELECTRICITYexhibitionwasasuccessandanexcellentopportunityforTOPTAPESsothedecisiontoparticipateagainthisyearwaseasytomake.ParticipantsincludednotonlyimportantcableproducersfromtheMiddleEastbutalsofromotherpartsoftheworld.Ourboothdesignwasuniqueandamagnet formanyvisitors;withphotosof thelasttechnicalconferenceheldinSlovenia.Weofferedawiderangeofproductsandnewsolutions forcablemakers.All thishas led toexcellent resultsat thisyear’sexhibition,newopportunities,newcontactsandnewcooperationisexpected.

CABEX,Moskva2016 This was the third time TOPTAPES was presented at CABEXinMoscow.Ithasbecomeawell-known brand name not onlyon the Russian market but alsoon other former Soviet Unionmarkets. This year CABEX wasalsoamagnificentopportunityforFORRUStobepresentedasalocaldistributor of TOP TAPES. FORRUS was established in 2015 tooffer customers shorter deliveryterms, flexibility and optimisedprocedures.This year CABEX was moresuccessful than previousyears, not only in number ofvisitors, but also as a result ofdiscussionsheld,asforexamplea

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ENVIRONMENTAL MANAGEMENT SYSTEM

COMMITMENT OF MANAGEMENT

WithintheoperationalframeworkofthecompaniesinFORIGroup,weareacutelyawareof theneedandconcernforenvironmentalprotection,assuringhealthandsafetyintheworkplaceforouremployeesandfirepreventionmeasureswithwhichweprotectthepropertyofourownersandjobpositionsofouremployees.

Themanagementofeachindividualcompanyhascommitteditselftoincludethesefundamental safety principles in all operational processes of their company. ThemanagementofeachcompanywhichhasreceivedtheISO14001certificateshowsthecommitmenttotheQualityManagementHandbookwhichareasfollows:

The vision,mission and strategic objectives of FORIGroupbind all employees tomanufactureandmarketqualitycomponentsandproductsforallbuyers,amongstwhichwemainlysupplytotheautomotiveindustry.Thequalityofproducts,processesandserviceswillbeconstantly improved, ina senseof economicoperationsandenvironmental conservation.Wewill strengthen our competitive abilities, whichwillbesupportedbypartnershipamongemployeesandcompaniesandbedirectlyreflectedinthequalityofourproductsandserviceswhichwillnotnegativelyaffectthe environment. Our product will be delivered to buyers on time and at a highstandard,thusassuringtheirtrustinus.Knowledgeanddevelopmentopportunitiesfor employees will focus on the originality of ideas, quality implementation andincreasingaddedvalue.

Managementcommitsto:

• CONTINUOUSLY IDENTIFY AND RESPECT ALL CUSTOMER REQUIREMENTS,NATIONALLEGISLATIONANDLEGISLATION INTHECOUNTRIESOFBUSINESSPARTNERSANDSTANDARDS,

• ADAPTBUSINESSPOLICYWITHTHECURRENTMARKETSITUATION,

• ANNUALLY DEFINE MEASURABLE OBJECTIVES TO PROCESS OWNERS,ANNUALENVIRONMENTALOBJECTIVESWITHPROGRAMMESANDCONSTANTIMPLEMENTATIONOFACTIVITIESFORTHEIRREALISATION,

• ANNUALLY DEFINE MEASURABLE OBJECTIVES TO PROCESS OWNERS,ANNUALENVIRONMENTALOBJECTIVESWITHPROGRAMMESANDCONSTANTIMPLEMENTATIONOFACTIVITIESFORTHEIRREALISATION,

• ASSUREFUNDSANDSOURCESWHICHALLOWFORTHEIMPLEMENTATIONOFTHEQUALITYMANAGEMENTSYSTEMANDENVIRONMENTALMANAGEMENTSYSTEM,

• CHECK LEGAL REQUIREMENTS ARE MET AND OTHER REGULATIONS WHICHINFLUENCETHEOPERATIONSOFTHECOMPANYATLEASTONCEAYEAR.

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Management is committed that the quality and environmental managementobjectivesareincludedinbusinessplanning,andinthecaseofanydeviationfromtheplannedobjectives,totakepromptappropriatemeasures.TheachievementofallbusinessgoalsisbindingandservesasameasureofsuccessofallmanagersandseniorexecutivesatFORIGroup.

ENVIRONMENTAL PROTECTION POLICIES AND OBJECTIVESIn the commitment of FORI Group management, we stated that we want to beknown for our constant efforts to decrease the burden on the environment. Thisobjectivehasbeen furthermodifiedwith the fundamentaloperational strategyoftheenvironmentalmanagementsystemandcommitmentthatthehealthandsafetyofemployeesandfirepreventionbepermanentlyincludedinallbusinessprocesses.Alargeemphasiswillalsobeputoncomprehensivepreventionactivitiesinthefield(healthandsafetyofemployees,environmentalprotection,propertyprotectionetc.).In order to achieve this,we, togetherwith our employees, business partners andthegeneralpublic,focusallactivitiesintheimplementationofenvironmentalandotherlegislationaswellasindividualcustomerrequirementsandthusreducethenegativeimpactofouractivitiesontheenvironment.

In doing this we will follow the environmental protection policies and objectives:

1. Havequalityprocesses,productsandserviceswhichsatisfythedemandsofthecustomerandenvironmentallegislation.

2. Makeeffortstoreducetheburdenontheenvironmentbychoosingappropriatetechnologyandwiththeimplementationofactivitiestopreventpollutionandotherinfluencesontheenvironment.

3.Assuretheimplementationoftheentireenvironmentalmanagementsystem,whichthemanagementmonitorandevaluateintheManagementreview.

4. Promptlyandappropriatelytakemeasuresinthecasethatanydeviationorirregularityinthefieldofenvironmentalprotectionoccurs.

5. Trainemployeesforthecorrectandsafeapproachinthefieldsofenvironmentalprotection,handlingchemicals,safetyintheworkplaceandfireprevention.

6. Implementallactivitieswhichassurehealthandsafetyintheworkplaceinallassociatedcompanies.

7. Implement all activities which assure fire prevention in all associatedcompanies.

8. Monitorandmeetlegalrequirementsofallassociatedcompanies.

9. Notifyemployeesoftheefficiencyoftheenvironmentalmanagementsystemoperations.

10.Notifytheinterestedinternalandexternalpubliconoperationsinthefieldofenvironmentalprotection.

Preventive safety in the

workplace (Health and Safety, Fire Safety and

Environmental management system), have been a part of

the strategic objectives of the FORI Group for some years:

No accidents in the workplace, No irregular/

hazardous events and No fires.

Preventive safety in the

workplace (Health and Safety, Fire Safety and

Environmental management system), have been a part of

the strategic objectives of the FORI Group for some years:

No accidents in the workplace, No irregular/

hazardous events and No fires.

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PEOPLE MAKE SUCCESS

81% of employees are satisfied in their job

Weareconstantlystrivingforour

employeestofeelgoodwhiletheywork,andextendthatfeelingintogoodresults,whicharethereflectionofa

satisfiedemployee.Alloureffortsandinvestmentinthewell-beingofemployeesisseeninpositiveresults;forseveralyearswehaverecordedaminimumpercentageof

absenteeism.

In addition to the reward system,we also organize social gatheringsand gatherings for children wherewe have an opportunity to enjoyourselves and have fun togetheroutside of the workplace. This alsogives us a chance to take care of ourinter-relationships and build on theteamspiritwithinthecompany,whichispositivelyreflectedinallareasofoperation.

Engaging EmployeesInourcompanywesupporteveryonewhowants toachievemoreon theircareerpath.Wegiveemployeestheopportunitytoprovethemselvesindifferentpositionsaswellasdifferentcountries.Thisgivesthemagreaterdegreeofself-confidenceinadditiontowiderknowledgeoftheenvironmentinwhichbothweandourbuyersoperate.Bothindividualsandteamshavetheopportunitytoachievetheirgoalsusingtheknowledgeofallourcompaniesandattendourinternalstrategicconferencesandsocialevents,whereweexchangeourexperiencesandsupportandmotivateeachother.

In2015,weorganised1320 EduCaTIOnal HOuRsforouremployees.Wearehappythat we have an increasingly stronger wish from all companies for education,inclusionininnovationandintercommunication.

Internatonal Student and Employees Exchange and TutorshipAs a business group we are aware that with ourknowledge and our diversity of services andproductsworldwidewecanenablemanystudentsto gain know-how on a professional level andbecomemore practical and employable. Withthisinmind,wecollaboratewithdifferentcitiesall over the world and help students to takepartininternationalexchange,wheretheycangainnotonlyprofessionalknowledgebutalsoaninsightintodifferentcultures.Ourbusinesssystem supports all employees and gives themoptionstoexpandtheirhorizonsofknowledgebydifferentfunctionsinallourcompaniesovertheworld.Weareawarethatallourcompaniesandleadersshouldbeunitedandworkasoneentity,andtakeintoconsiderationallculturaldifferencesandexperiences.AwardforMostDependableEmployee:

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Chairman’s award for Manager of the year 2015

Manager of the year is thehighest honour an employeecan receive in the FORI Group. Itrecognizes individual employeeexcellence in the area ofintegrity, innovation, quality,global growth, sustainability,customer satisfaction and leaderdevelopment. This year theManager of the year 2015 goes toMatjažPetkovšek.

PROMOTING OUR COUNTRY

“TheManageroftheYearawardisadditionalconfirmationthatKamtehhasworkedwellandproducedexcellentresultsoverthepastyear.Afteranumberofdryyearswithbadmarket conditions in theconstruction industry,wehaveproven thatasa teamweknowhowandareabletoachievethevisionwehavebeenconstantlystrivingfor.Acceptingthisawardencouragesustocontinuewiththisworkandbeevenmorecommittedandthusstabilizethefoundationsforlong-termstabilityandsustainablegrowthofthecompany.“MatjažPetkovšek,ManageroftheYear2015

We are delighted to present the beauty of Slovenia that shines from its natural and cultural heritage at every opportunity as well as delight our guests with our rich and diverse cuisine. This year we brought a slice of Slovenian culture to the Dusseldorf fair where we met with most of the partners.

Award for Most Dependable Employee

Every year at FORIGroup,we presentthe award for the Most DependableEmployee in all our companies. Eachyear we choose the best employeefromeachcompany followingcriteriabasedonthequalityoftheirwork,theirreliability and their dedication to topresults.

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FORIGROUP

Milan ForštnerCEO Fori Group

Mitja ForštnerVice President of Fori Group

Martin ForštnerManager of Investment division, procurator

Ivica ForštnerCEO Consultant

Polona Gornjak Krpač Manager of Technical Textile Divison; General Manager at Tekstilna tovarna Okroglica d.d.

Patricija KorošecGeneral Manager at Quingdao Sinositec and Cable division director

alojz KovšeGeneral Manager at FORI TEXTILE SER d.o.o.

nada JurkoExecutive Manager of Finance

saša BrilejManager of General Legal Affairs Sector

REFEREnCEs

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