News
The Company is continuing the process of restructuring – the Management Board of Polimex-Mostostal has developed and consulted with its creditors a modified concept of operational and financial restructuring of the company.
- As a result of the restructuring actions taken in the last quarter, we have obtained a significant improvement in the company’s functioning on many levels, including a significant reduction in the cost of business operations - Gregor Sobisch, the President of the Board of Polimex-…
The Supervisory Board of Polimex-Mostostal appointed Mr. Maciej Stańczuk - Vice President to the board of directors of the company on 7 February 2014.
The Supervisory Board, as the result of a qualifying procedure, has appointed a new board member.
- The enlarged Management Board will be able to more effectively carry out the tasks they face. This is especially important when carrying out financial and operational restructuring of the company and the implementation of its new strategy - Gregor Sobisch said – the…
This is a consequence of the termination of the contracts for the construction of roads which was the fault of GDDKiA. These contracts have been terminated due to the breach of the contract by the Directorate and its failure to secure the payment.
On January 14 this year, the executive consortia involving Polimex-Mostostal terminated the contracts signed with GDDKiA and stopped their works on the sections of A1 and A4 motorways and express road S69.
Termination of the contracts was due to a failure by GDDKiA…
Polimex-Mostostal, executing, within a consortium, a contract to build two new power units in the Opole Power Plant, received a Notice to Proceed today, i.e. on 31 January 2014, in the Opole Power Plant.
The Purchaser’s (PGE Mining and Conventional Power SA) [PGE Górnictwo i Energetyka Konwencjonalna S.A.] issuance of this document begins the process of the construction.
Polimex-Mostostal, under the contract, shall execute turbine islands and build an evaporating tower with a cooling water system. They shall…
Acquiring bank guarantees for the proper performance and advance repayment, each in the amount of PLN 199 million, was a prerequisite for the commencement of the construction.
The contract for the construction of two power units at the power plant in Opole is another coming into force, following the one in Kozienice, significant contract of Polimex-Mostostal in power engineering, the strategic industry of the company.
Its value is PLN 11.5 billion gross, of which approximately 42%, i.e. PLN 4.83 billion is the…
In reference to published yesterday , ie on 14 January. information on the withdrawal of the consortia Polimex - MSW contracts concluded with the General Directorate for National Roads and Motorways (GDDKiA ) for the construction of sections of the A1 and A4 , as well as the section of the expressway S69 announce that Polimex -Mostostal first uttered writing these contracts on Tuesday 14 bm . morning .
GDDKiA only in response to the termination of contracts by Polimex -Mostostal sent the company a letter of…
The consortia with the participation of Polimex-Mostostal withdrew from the execution of the construction of A1 motorway section Stryków - Tuszyn, the A4 motorway between Rzeszów - Jarosław and the express road S-69, section Bielsko-Biała - Żywiec.
On January 14 this year, the consortia terminated the contracts signed with the client, i.e., the General Directorate for National Roads and Motorways (GDDKiA).
Withdrawal from the contracts and termination of the construction works on these sections of A1, A4…
As part of the Rzeszów - Jarosław section of the built A4 motorway, Polimex-Mostostal, on 20 December 2013, handed over to operation the Jarosław West (Wierzbna) node. This node joins the existing national road no. 4 with the built section of the A4 motorway in the direction of Jarosław.
The total length of the Wierzbna node, including the section of the motorway and the rebuilt section of the National Road No. 4 is approximately 7 km. The node and the national road no. 4 include four bridge structures. In order…
The Employer, i.e. The University of Gdansk, terminated Polimex-Mostostal’s contract for the construction of an educational and administrative building of the University.
Payment delays in the construction industry are a widely known phenomenon adversely affecting the pace of implementation of contracts, as well as the overall financial condition of all of the participating entities.
Polimex-Mostostal has legitimate financial claims in relation to other employers which specifically relate to road contracts. These…
Polimex-Mostostal is still interested in proceeding with the construction, but on terms mutually agreed with the employer
GDDKiA, contrary to the release published yesterday, i.e. on 16th of the current month has not terminated Polimex-Mostostal’s contract for a section of S69 road.
It has, however, sent a letter to the company in which it orders to execute part of the works within the specified time, i.e. within the next 14 days.
Given the approaching Christmas and New Year period and the ongoing mountain area…