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The merger was approved in December last year by the general meetings of these two manufacturers of wheel rims for the automotive sector. All the assets of ATS Stahlschmidt & Maiworm have been transferred to Uniwheels Production (Poland), whose share capital has been increased from PLN 3.4 m to nearly PLN 6.19 m.
In February 2008, the Swiss manufacturer Uniwheels AG signed an agreement to take over the German group ATS with its three manufacturing facilities: two in Germany (Bad Dürkheim, Werdohl) and one in Poland (Stalowa Wola).
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DONGWON ZS Poland, a subsidiary of the car maker Fabryka Samochodów Osobowych (FSO), is a manufacturer of exhaust systems and press-formed components.
DONGWON ZS Poland is another FSO’s majority-owned subsidiary to have resolved to be liquidated in the last 12 months. In February last year, KORAM ZZM Poland, Warsaw, was put into liquidation, although it continues its manufacturing activities. In February 2010, a winding-up resolution was also adopted by the general meeting of SHINCHANG ZPZP Polska Sp. z o.o., a company based in Marki.
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