News
On the 25th of this month, Polimex-Mostostal, as a member of the executive consortium consisting of: Rafako, Polimex-Mostostal and Mostostal Warszawa, has signed an agreement setting out the terms of cooperation in the implementation of the agreement on the construction of two power generation units in Opole power plant with the Employer, GiEK PGE SA.
Under the agreement, the Employer has approved drafts of subcontracts between the members of the consortium and agreed to their conclusion.
On the 25th of this month…
On 25 October this year, the Board of Polimex-Mostostal signed an important annex to the restructuring agreement with Creditors, which puts into effect the second phase of the financial restructuring of the company and defines an action plan aimed at recovering the company's stable financial situation. This will allow uninterrupted operation and service of the debt due to Creditors.
- Signing the Annex is a success crowning complex and lengthy negotiations with the creditors of the company - Gregor Sobisch said,…
On October 11, 2013, Polimex-Mostostal signed with their Creditors an agreement specifying the terms of the second phase of the financial restructuring of the company. The changes necessary in the agreement on financial debt service were agreed.
- The Management agreed with the Creditors a plan of measures necessary for the company to recover its stable financial position, allowing for independent, not disturbed, activities and debt service due to Creditors – Robert Bednarski informs, Vice President, Chief…
Polimex-Mostostal presented the concept of the new development strategy of the company. It assumes focusing on the provision of engineering and technology services in the promising sectors of the market, which are: power engineering, petrochemical, chemical and manufacturing industries. With the introduction of such a program, the company shall begin to report profits.
Financial results for the first half of 2013
Polimex-Mostostal:
· 844 million PLN revenues (compared to 1 644 million PLN in the first half…
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…