briefs

Decrease of construction volume

The Euroconstruct association, has revealed that  construction will decline in Poland this year. This organisation, established in 1975, has research centres in 19 Central and Western European countries.
According to Euroconstruct forecasts, the volume of construction and assembly works in Poland - compared to the year 2001 - will fall by 6,8 percent. The industry is expected to record an increase in coming years.

Construction of the Year 2001

 Projects constructed by Mostostal Puławy, Interbud-West, Budimex Unibud, Energopol 7 Poznań, Polnord Dom, Exbud Skanska Budownictwo, Polnord SA, Exbud Skanska, the company Ekolog 1, Fougerolle/Mostostal Warszawa and  Budimex Poznań, won the 1st degree "Construction of the Year 2001' prizes in certain categories.
This competition is organised by the Polish Association of Construction Engineers and Technicians together with the Ministry of Infrastructure,  The  Office of Housing and Urban Development and the Main Office of Construction Supervision. The prize 'Construction of the Year' is awarded in 10 categories, including 'Office Developments', (LOT Polish Airlines' office building in Warsaw - Budimex Unibud) and 'Retail-Warehousing Developments and Services' (Retail-Service-Entertainment Centre Kraków Plaza - Exbud Skanska).

Skanska and Budimex road contracts

GPRD Skanska has signed an agreement with Generalna Dyrekcja Dróg Krajowych i Autostrad, ( The General Management of National Roads and Motorways), to renovate  the national road,  from Gdafsk-Cieszyn, on the stretch from Jelef to Stary M?yn. The contract is worth over PLN 15 million and the renovation is due to finish within 4 months.
Dromex, a member of the Budimex group, in a consortium with Walter-Heilit Vwb GmbHm, has concluded an agreement with GDKiA to renovate the A4 motorway between Wadrośe Wielkie and Bielany Wrocławskie. The contract is worth PLN 202,7 million, out of which Dromex will receive PLN 99,3 million.

Addtek Polska's new plant

The firm Addtek Polska has opened a plant producing prefabricated concrete, in Gorzkowice near Piotrków Trybunalski.
Addtek Polska is part of the international Addtek group which has 44 factories in 8 countries. In 2001 it recorded net sales of EURO 531 million.

Ytong and Hebel become property of Haniel

The German Haniel has become the owner of the companies Ytong and Hebel. Both these companies, which until now have been competitors, will operate together, manufacturing construction materials. Ytong specialises in  cellular concrete, and Haniel, cellular concrete reinforcement.

Atlas going up

Atlas Group's profits in the 1st half of 2002 came to PLN 634,4 million, compared to the corresponding period of 2001 when they were  PLN 569,8 million. The company specialises in the production of construction materials.

Farewell to the stock exchange

Exbud Skanska is leaving the stock exchange. The Committee of Securities and Stock Exchange has already consented to the withdrawal of the company's shares.
94 percent of Exbudu Skanska's shares belong to the Swedish construction giant Skanska, which is also considering withdrawing another company, Gdafskie Przedsiębiorstw Robót Drogowych, [the Gdafsk Road Works' Company], from the stock exchange.

Mostostal Zabrze in bad shape

According to Mostostal Zabrze management, the capital-consuming restructuring process and the need to finance investments (including the mixed-use UNI complex in Katowice), are the main reasons behind the company's financial problems and   its shares' low prices.
Other factors include, banks' increasing demands on construction companies, their caution in granting credits and  the high interest payable on credits.
Mostostal Zabrze are currently seeking a strategic investor in co-operation with Rotschild Corporate Finance Polska.

Dom Development terminates contract

Dom Development has terminated two agreements with PIA Piasecki, for the general contracting of housing estates in Warsaw and is demanding payment of statutory penalties of over PLN 8 million, according to 'Puls Biznesu'. This action is being taken as a result of delays in work completion.