INSTITUTIONAL PROFILE ITIB was founded in 1946 to produce impregnated cardboard tubes. In more than 50 years of ITIB activity, through constant technological adaptation, it has reached levels of experience that see it operate as a partner with large European industrial groups. Having experienced over the years all the problems of the sector and having developed since the 60s a deep knowledge of the machinery for the extrusion production of corrugated flexible pipes in thermoplastic material and technical plastic products obtained with blowing technology, today ITIB SpAis able to fulfill, from design to implementation, all the requests of a demanding customer. THE GROUP ITIB has been part of the Fara Group since 1978. The activity of the Fara Group is currently oriented in two main industrial sectors with a total of approximately 500 employees. The headquarters of Fara SpA is in Paderno Franciacorta, Brescia, Italy. Consolidated shareholders' equity is approximately € 7 million and boasts equity investments in subsidiaries for a nominal value of € 8 million. The management of the company is entrusted to five directors who are shareholders of the company itself. The turnover budget for the current year (2002) is approximately 60 million Euros. ITIB IN EUROPE Always particularly attentive to the evolution of the markets, ITIB responds with the opening of the new Bielsko Biala production site in Poland to the challenge that comes from the globalization of the economy. ITIB Poland Sp. Z oo supports the parent company in Paderno Franciacorta (BS) in the production of plastic items obtained with extrusion and blow molding technology. Located in the densest industrial area of Poland, ITIB Poland offers customers a strategic local presence capable of supplying quality products at competitive costs. ITIB © 2005 x