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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…
Despite a difficult, in terms of liquidity, period for Polimex-Mostostal, the company mobilizes on road contracts.
The company has the executive potential guaranteeing completion of road orders.
On the A1 motorway, Stryków - Tuszyn section, works are carried out within their full scope.
The works are performed by more than 600 employees. Over 175 heavy construction machines are being used, including excavators, cranes, rollers, bulldozers and dump trucks.
Currently, the works focus on the parallel performance of…
As a result of the need to make changes to the design documents, which were the result of adaptive changes reported by the Employer - Stadium in Zabrze Limited liability company – aimed at optimizing the functionality of the object, Polimex-Mostostal was forced to slow down or halt some construction work in anticipation of the project documentation provided by the Employer.
Polimex-Mostostal repeatedly kept on informing the Employer about shortcomings and errors in the design documentation for the various…
On November 12, 2013 the first part of the Extraordinary General Meeting (EGM) was held, which is an important element of the action plan agreed with the creditors of the company.
The Extraordinary General Meeting decided to increase the share capital through the issuance of not more than 133,393,702 of P-series shares, which will be covered in private placement by the offers directed by the board to selected creditors, particularly creditors who are parties to the agreement concluded with the company in December…
- The Board of Polimex-Mostostal consistently implements measures to stabilize the company's finances. In October this year the company signed with its creditors an important annex to the restructuring agreement, which puts into effect the second phase of financial restructuring and details the extent of activities aimed at improving the liquidity of the company - Gregor Sobisch says, the Chairman of the Board of Polimex-Mostostal.
Financial results for the first three quarters of 2013 (in million PLN)
Polimex-…