News
The General Directorate for National Roads and Motorways is to pay Polimex-Mostostal PLN 39,79 million plus statutory interest. Payment order was issued in connection with the claim of the company for the payment of liquidated damages.
Contractual penalty applies to the contract for the construction of the S-69 expressway from Bielsko-Biala to Zywiec. According to the order for payment, GDDKiA (the General Board of National Roads and Motorways in Warsaw) will pay Polimex-Mostostal nearly PLN 40 million, together…
It took 21 hours to concrete the top foundation of the turbine set. This is yet another important stage of the construction of the power unit in Kozienice implemented by Polimex-Mostostal.
-– A turbine and a generator will be mounted on the base, i.e. a turbine set, the unit directly producing electricity - Bogusław Piekarski explains, the Vice President of the Management Board of Polimex-Mostostal SA – This is yet another very important step in building the Kozienice block that will enable us to fully continue…
Two new companies separated from Polimex-Mostostal SA will already begin to operate in October. They will acquire and implement important contracts for Polimex-Mostostal.
Polimex Mostostal SA rebuilds its organizational structure. A holding structure will be a result of the changes. The principal powers of the holding will include specialized engineering design activities in the energy and petrochemical industries with a large share of own workmanship and service activities.
The new companies are: Naftoremont-…
- It is a very important day for us. Investors who choose to purchase our bonds positively evaluate the company's strategy and are confident that the value of the shares of Polimex-Mostostal SA will grow – Maciej Stańczuk says, the Acting President of the Board of Polimex-Mostostal SA – We can say that this is our new opening.
Polimex-Mostostal SA will issue bonds worth PLN 140 million. PLN 81.5 million is the value of bonds convertible into shares, and PLN 58.5 million is the value ordinary bonds. The…
President Bronislaw Komorowski opened the European Solidarity Centre on the 34th anniversary of signing of the August Agreements, the center was built by Polimex-Mostostal.
On 31 August, 1980, in a hall in the historic Gdansk Shipyard, the August Agreements were signed. They ended a two-month wave of strikes in Poland and also started the process of the collapse of communism in our country.
- We are extremely proud that we could contribute to the creation of one of the largest exhibitions presenting recent history…
Reduced financial expenses by 65% in the first half of 2014, as compared to the first half of 2013
Decrease in general and administrative expenses by over 20% in the first half of 2014, as compared to the first half of 2013
Expected further reduction of indirect costs
Negative impact of one-off events on financial results
General and administrative expenses have been significantly reduced (a decrease from approx. PLN 60.5 million to approx. PLN 46 million) and financial costs (down from approx. PLN 84 million to…
On the fifth of September, first cars were going on the "small" bypass. The new road brings transit truck outside the city limits.
The Swidnica bypass joined the national road No. 35 (Wroclaw, Walbrzych) in Słotwin wand the provincial road No. 382 in the direction of Strzegom and with Swidnica connection to A-4, through the Solidarity roundabout. Swidnica has not had any bypass and traffic used: provincial road No. 382 and national road No. 35 through the city center.
Vehicles on the city center streets were a…
At the construction site of the ultramodern Energy Block in Kozienice implemented by Polimex-Mostostal, works on the construction of the boiler entered into their crucial phase. Thanks to the very good organization of the construction and implementation of high standards of health and safety, there has been no accident on the site for one million hours worked.
Polimex-Mostostal currently has two key contracts in the Polish energy sector, being the construction of the power block in the Kozienice Power Plant,…
On 8 August, the Board of Polimex-Mostostal SA was informed of rulings issued by the District Court for the Capital City of Warsaw, the Economic Court, X Economic Division for Bankruptcy and reorganization, on redemption of pending insolvency proceedings and cancellation of preserving company assets in the form of establishing a temporary court supervisor, in particular:
· redemption of bankruptcy proceedings as a result of withdrawal by PHU Plast-Bud, Mr. Zdzisław Sówka, his application for bankruptcy…
On 30 July 2014 Polimex-Mostostal concluded negotiations and signed an annex to the restructuring agreement with creditors dated 21 December 2012, specifying conditions for continued financial and organizational restructuring of the company.
The shareholders of the company, during the Extraordinary General Meeting on 31 July 2014 adopted resolutions approving the findings contained in the annex.
The Company signed the annex, among others, with the following banks: PKO BP, Pekao SA, BOS, BZ WBK, and institutions…