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Polish contractors venture abroad

Rafał Ostrowski 21 January 2019

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał Ostrowski has over 17 years’ experience as a journalist. Before joining ‘Eurobuild CEE’ five years ago, he wrote for Wydawnictwo Murator and Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and prepared photo-reportages. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. For ‘Eurobuild CEE’ he covers most real estate sectors, including logistics, construction, office, residential and retail. He is also in charge of the film direction for Eurobuild TV.

POLAND The exports of Polish construction companies have hit an all-time high of EUR 1.55 bln, according to the latest report by Spectis: ‘Construction companies in Poland 2018-2022’.

The construction exports in foreign markets surged in 2016 and 2017 (up by 19 pct and 16 pct, year on year), topping PLN 6.5 bln (EUR 1.55 bln) in 2017. Construction companies of more than nine employees saw exports rise to 7 pct of sales, which was the highest result in more than a decade.



Germany remains the most important overseas market for Polish contractors as it contributes a whopping 50 pct of all foreign contracts. Other major markets that have shown substantial growth are Belgium and Sweden.

The largest overseas contracts currently being carried out by Polish contractors include the installation of electric systems at the Olkiluoto 3 nuclear power plant in Finland (Elektrobudowa; EUR 180 mln), a waste incineration facility in Vilnius, Lithuania (Budimex, Steinmüller Babcock Environment, UAB Kauno dujotiekio statyba; EUR 179 mln), a biomass-fuelled cogeneration unit in Vilnius, Lithuania (Rafako; EUR 150 mln), a fuel storage terminal in Rashaant, Mongolia (a consortium consisting of Rafako and Gmax Group; EUR 48 mln), a retail and recreation complex in Kiev, Ukraine (Unibep; EUR 36 mln), transmission grid power optimisation in north-eastern Lithuania (Trakcja PRKiI, Kauno tiltai; EUR 24 mln) and an LNG terminal in Hamina in Finland (Rafako; EUR 14 mln).

The increase in revenue from exports in both 2016 and 2017 was not due to the largest construction companies but rather to the increased foreign sales of smaller contractors. Less than half of the 40 largest construction companies in the report have regular exports. The proportion of companies with overseas operations is low because many are Polish divisions of international operators that service foreign markets through separate companies managed by their headquarters.


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