News
In recent weeks, Polimex-Mostostal has reviewed the contract for the construction of the power plant unit in Kozienice.
- The performed review led to corrective actions including, among others: the reorganization of the structure of the project, the verification of key areas and the appointment of persons responsible for them, and finalizing, with Hitachi, the consortium partner, the so-called Project Manual operating in both Polimex-Mostostal and the consortium - Arkadiusz Kropidłowski informs, the vice president…
Polimex-Mostostal SA has completed the construction of a modern heating unit in the Bielsko-Biala EC1 worth PLN 500 million gross for the Tauron group.
Polimex-Mostostal consistently, and in accordance with the plan, expands its activity in the construction industry - particularly in the energy, petrochemical and chemical sectors.
The company is already involved in major energy contracts in Poland - the expansion of the power plant in Kozienice and Opole.
The Employer, Tauron Wytwarzanie SA, performed the…
Polimex wants to go back to the profile of an engineering company, it is planning to separate the plant in Siedlce.
Polimex-Mostostal wants to go back to the profile of an engineering and technology company. It is planning wider accession to foreign markets. The construction group plans to separate the activity of the plant in Siedlce and does not preclude the sale - the President of the company, Gregor Sobisch, said in an interview with PAP.
„The new management has developed a new line of action which assumes…
Today, i.e. on 23 May 2013 Polimex-Mostostal has signed a new contract for construction and installation works related to the project: Pyrometallurgy modernization – Flash furnace at the Głogów Copper Smelter.
The Employer is KGHM Polish Copper S.A.
The contract is executed by the consortium composed of:
Polimex-Mostostal – the leader
Tulcon S.A. – the partner
The minimum value of the works covered by the contract is PLN 75 million net.
Polimex-Mostostal’s participation in the consortium is 55%.
The…
On 16 May the consortium, including Polimex-Mostostal, and PGE Mining and Conventional Energy SA signed an annex to the contract for the construction of power units 5 and 6 at PGE Power Plant Opole SA.
The annex was signed in connection with the decision taken by PGE GiEK SA on the closure of the investment project "Project Opole II". It specifies accounting for costs incurred by the consortium in the preparatory works for the implementation of the contract.
The annex also constitutes an agreement on the…
In the first quarter of 2013 Polimex-Mostostal continued remedial actions by implementing the financial and operational restructuring programme and carrying out work under its contracts
Financial performance in Q1 2013
- In the 1st quarter of 2013 the Polimex-Mostostal Group reported much better performance than in the same period last year. It improved by PLN 129 million. From operational activities we generated a profit to the amount of PLN 32.6 million, i.e. PLN 198.7 million more than in the first quarter of…
Polimex-Mostostal consistently continues the restructuring program under which the sale of assets not related to the main activities of the company is conducted. Divestments are one of the provisions of the restructuring agreement signed with the creditors in December last year.
So far, the completed sales include:
- Sefako boilers factory,
- Energomontaż-Północ Gdynia along with the port real estate in Gdynia,
-ZREW transformer manufacturing plant located in Lodz,
- the Department of Transport in Siedlce.
On…
On April 23, 2013 the Supervisory Board of Polimex-Mostostal appointed Mr. Gregor Sobisch as the President of the Management Board.
In addition, on April 24, 2013 the Supervisory Board of Polimex-Mostostal appointed Mrs. Joanna Makowiecka to the Management Board and entrusted her the function of the Vice President.
The new President and the new Vice President will take obligations on 3 June 2013.
The Supervisory Board made the choice as the result of the conducted interviews.
- Those are expected decisions for…
We consistently continue the implementation of corrective actions that are intended to restore financial stability to the Company remaining in difficult economic situation. An important issue is to lower the operating costs of the company.
- The Management Board took steps to simplify the structure and reduce the costs of the Group. This takes into account, among others, reduction of the scale of operation by closing the special purpose entities which have already completed projects or those that are not…
As a result of the acceptance by the Contracting Authority of the Polimex-Mostostal’s claims an annex to the contract was signed, which extends the time limit for completion of work to 1 in June 2013
In the near future on the section of the S-69 express road Polimex-Mostostal will complete earthworks including excavation and embankments and perform ground strengthening in the excavation for the construction of road surface and the very surface structure composed of six layers (filter, technology, sub-base and…