News
On the 28th of March 2013 the Supervisory Board of Polimex-Mostostal delegated Mr. Dariusz Krawczyk, holding the position of the vice-president of the Supervisory Board, to temporarily (until 30th of April 2013) hold the position of the member of the Management Board and act as the president of the Management Board of the Company.
The Acting Chairman of the Board of Polimex-Mostostal, Robert Oppenheim, resigned from his post. His mission will end on 29 March 2013
A competition takes action that will bring the company's new CEO. Robert Oppenheim will not take part in it. The Supervisory Board of Polimex-Mostostal will meet again on March 28 this year.
With the announcement on March 19 the results for 2012, the company completed the first phase of restructuring.
- During the preparation of the report for 2012, as it has been announced, we managed to complete the in-depth review of contracts in terms of their profitability and the prospects associated with them. As a result, it was necessary to update their values and, in effect, make write-offs, which significantly influenced the results. Write-offs related to the intangible and legal assets, the so called goodwill assets, as well as the property portfolio of the Group. This is not surprising, since we have already…
Polimex-Mostostal continues the implementation of the restructuring program. One of the essential elements of it is the sale of assets that are not included in the core business of the Company.
Yesterday i.e. on 7 March 2013, the final agreement for the sale of Energomontaż-Północ Gdynia and a harbor real estate where Energomontaż-Północ Gdynia operates was signed. Energomontaż-Północ Gdynia deals with manufacturing and assembly of steel structures for shipbuilding and ship repair and port operations focused on…
On 6 March 2013, the Torpol SA Consortium - a 100% subsidiary of Polimex-Mostostal - signed a contract for the design and execution of works under the project "Improving the transportation services by improving the technical condition of the railway line no. 143 Kalety − Kluczbork section"
The Employer is the PKP Polish Railway Lines SA.
The tender was submitted by a consortium consisting of:
- TORPOL S.A. – the Leader
- INTERCOR Sp. z o.o. (Technical Services)
- POZBUD T&R S.A.
The value of the offer…
Polimex-Mostostal continues the implementation of the restructuring program. One of the essential elements of it is the sale of assets that are not included in the core business of the Company. Among others, Sefako Boiler Factory has already been sold. The sale of Energomontaż-Północ Gdynia Company is in the final phase.
Polimex-Mostostal has also put on sale about 50 real-estates whose common feature is the significant potential for property development. These include, among others:
· an office building in the…
On 22 February the Board of Polimex-Mostostal SA was informed that the tender submitted by a consortium of Torpol SA (a 100% subsidiary of Polimex-Mostostal) for the design, construction and implementation of the radio subsystem of ERTMS/GSM-R, the design and construction of route fiber optic cables and the construction of transmission systems implemented under the project OPI&E 7.1-25 "Construction of infrastructure for GSM-R under the NPW ERTMS railway line 20/CE 20, corridor F, the section Kunowice -…
Negotiations with the Creditors of Polimex Mostostal have been successfully completed – on December 21, 2012, an Agreement Relating to Granting Financing was signed (the so-called restructuring agreement)
This is a milestone in the conscientiously applied repair process saving the company from bankruptcy.
By the end of January 2013, the Company expects decapitalization by the Industrial Development Agency
Key provisions of the restructuring agreement include among others:
conducting capital increases adopted by…
Today the consortium consisting of Polimex-Mostostal and Torpol - wholly-owned by Polimex-Mostostal, signed the contract for the design and modernization of the railway line E75 Rail Baltica Warsaw – Białystok – Lithuanian border, stage I, Warsaw Rembertów − Zielonka – Tłuszcz (Sadowne) section".
The Employer is the PKP Polish Railway Lines SA
The contract is being implemented by consortium consisting of:
TORPOL S.A. (the Leader)
Polimex-Mostostal SA
INTERCOR Sp. z o.o. (Technical Services)
The value of the…
Today i.e. 11 December., the Board of Polimex-Mostostal was informed that the tender submitted by a consortium of Torpol SA (wholly-owned by Polimex-Mostostal) for the design and execution of works under the project "Quality improvement of the transportation services by improving the technical condition of the railway line no. 143 Kalety − Kluczbork section" was chosen as the most advantageous
The Employer is the PKP Polish Railway Lines SA
The tender was submitted by a consortium consisting of:
- TORPOL S.A. (the…