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The Polimex-Mostostal Group will execute a contract for delivery and erection of steel structures for the needs of the combined cycle power plant in PKN Orlen, which is completed by Siemens. The scope of the contract executed by the Polimex-Mostostal Group covers the deliveries and erection of steel structures for the main process buildings. The approximate 3,500 tons of steel elements delivered by Polimex-Mostostal will be used to build the main structure of the process buildings including their enclosure and…
Today, the President of Poland, Andrzej Duda, appointed Joanne Makowiecka-Gaca, President of the Management Board of Polimex-Mostostal as a member of the Social Dialog Board. The Social Dialog Board, which will replace the Tri-Partite Commission, is composed of 59 persons - representatives of organizations of employers, trade unions and the government party. The OPZZ, Trade Unions Forum and NSZZ "Solidarność" will have eight members each, and six members will be appointed from each of four employer organizations:…
Polimex-Mostostal S.A. has completed the reverse split of shares in the ratio of 50:1. Share trading in the single price trading system was resumed on October 14, 2015. The purpose of the reverse split of shares was the company's return to the main trading floor of the Warsaw Stock Exchange. The company will resume trading in the continuous trading system upon decision of the Management Board of the Warsaw Stock Exchange. As a result of the reverse split, a total of 86,618,802 series A shares of Polimex-Mostostal…
On September 23, the Szczecin-Lwówek gas pipeline, performed by Polimex-Mostostal SA in consortium with ZRUG, was opened. Thanks to the new gas pipeline, it will be possible to transfer gas from the LNG terminal in Świnoujście to central Poland. The gas pipeline running through three voivodships (Zachodniopomorskie, Wielkopolskie and Lubuskie) is 188 km long. It was built in two stages: the Szczecin - Gorzów Wielkopolski section, about 118 km long, and the Gorzów Wielkopolski - Lwówek section, about 70 km long.…
The National Court Register registered the reverse split of Polimex-Mostostal shares. On September 18, 2015, an entry concerning the registration by the District Court for the capital city of Warsaw was made concerning the change of the Articles of Association of Polimex-Mostostal in the scope of the share capital. The change relates to the Company's shares reverse split process being carried out by the Company; it consists in consolidation of each 50 shares of the Company with the existing face value of PLN 0.04…
EBITDA of the Polimex-Mostostal Group for the first half of this year exceeded 77.5 million PLN and the Polimex-Mostostal Company - 53.7 million PLN. Operating revenues of the Group increased from 511 million PLN in the first quarter of 2015 to 607.1 million PLN in the second quarter of this year. In contrast, general and administrative expenses decreased from 18.5 million PLN in the first quarter of this year to 16.2 million PLN in the second quarter of this year. At the end of June 2015, the share of general…
To become the leading Polish industrial construction company, using the full potential of the EPC contractor model, balancing revenue and improving the process of implementation of contracts are the main tasks that Polimex-Mostostal SA assumed in its  sustainable development strategy for the years 2016-2020. - The foundations of the development of the Polimex-Mostostal Group have been prepared. The organization has undergone a huge restructuring. Employment has decreased by more than 9 thousand people (65.5%) in…
Erection of the steel structure of boiler No. 5 is ongoing on the construction site of two new power units at the Opole Power Plant. The works on the assembly started on August 17 - Assembly of the first column of the boiler facility is a traditional symbolic transition from the construction phase of works to mechanical assembly, to the substantial part of the construction of power units. This is a watershed moment - Zbigniew Wiegner from Polimex-Mostostal says, the director of the construction of two power units…
Polimex-Mostostal completed before time installation of boiler house steel structure of built power unit in Kozienice Power Plant. On the boiler house there was hanged a topping-out wreath. “We already started building this house,” explains Jan Stadnik, Director of Construction of Polimex-Mostostal. “The boiler house, as well as the adjacent engine house building, we enclose with panels in RAL 9006 colour – which corresponds visually to the dark silver facade. Panels on both sides are covered with a smooth sheet…
- In the interest of Polimex-Mostostal Group and its shareholders is consistent implementation of strategic objectives. The decision of the Supervisory Board to appoint Ms Joanna Makowiecka-Gaca as President is based on an assessment of the strategy of Polimex Mostostal Group, which received a positive opinion from the Supervisory Board a few weeks ago. “Today, the Supervisory Board decided that the chief architect of the strategy should take full responsibility for its implementation. Assessing the existing work…