Briefs
The first decade of Rockwool
Rockwool, a company specializing in the production of modern, mineral wool
insulation materials, are celebrating the tenth anniversary of activity on the
Polish market.
Rockwool's life in Poland began in 1993 with the privatisation of a factory in
Cigacice and the establishment of Rockwool Polska. Three years later, another
plant opened in Malkinia. Since the beginning of its operations in Poland the
company has invested around PLN 350 mln, and are not calling it a day yet.
Mostostal Puławy contract
Mostostal Puławy S.A. controlled by Mostostal Warszawa, which has 99.76 per
cent stake in the company, has signed a contract with Alstrom Power Sweden AB.
The agreement envisages supplying steel construction and installing the
catalyzer and thermal insulation at an energy plant in Kalunborg in Denmark. The
contract, the value of which amounts to EUR 3.66 mln, will be carried out from
March 2003 to July 2004.
Mostostal Zabrze tries to steer clear of bankruptcy
In an attempt to avoid financial collapse, construction firm Mostostal Zabrze is
to sell its shares in the successful road construction firm Przedsiębiorstwo
Robót Inźynieryjnych (PRInż) based in Katowice. Five companies, mainly from
outside Poland have expressed an interest in the possible investment, which
would mean acquiring Mostostal Zabrze's 32 % stake. PRInż is reported to be in
excellent financial condition; MZ however, desperately needs money to deter its
creditors from filing for its bankruptcy.
A Puls Bizesu report has suggested that the German constructor Bilfinger Berger
and the French Eiffage are looking into the possibility of investing in the road
constructor. Another possible investor is the Swedish Skanska, and competition
for PRInż is likely to be quite fierce, given its potential. It has already
been responsible for large infrastructure projects and is busy constructing the
next section of the A4 Gliwice-Katowice motorway.
To the rescue of PIA Piasecki
PIA Piasecki are leaving the construction sector. In a flight from bankruptcy, the company is planning to give up general contracting and start buying, consolidating and selling bad debts in commercial banks. The creditors of the indebted company approved of the plan.
Business in Katowice
Contracted by Węglokoks, Strabag have been given one year to construct a conference, office and hotel centre in Katowice. Construction started last month.
PORR will complete the TP S.A. building
The Polish division of the Austrian construction company PORR, have signed a
contract for approximately PLN 100 mln for the completion of the TP S.A.
building in ul.Twarda, which should last until the end of December.
The original general contractor was PIA Piasecki, but TP S.A. cancelled their
contract.
British construction group signs contract to build container terminal
A British group has signed a contract to build and operate a container terminal
in Gdańsk, northern Poland, which will open up new transport routes to the rest
of Europe. The container terminal, to cost USD 200 mln to construct, will have
capacity for 500,000 units a year. Construction is expected to begin in 2004 and
the terminal should be operating within three years of this.
The group, DCT Gdańsk Plc, which is owned by its management team, will gain a
sixty year operating lease on the terminal, with an option to extend it for a
further thirty.