Appetite for construction

So far, 2007 has proven a busy year for Prochem. The publicly-listed engineering firm recently completed one investment, has signed a contract for another and appears to have plenty of other projects lined up.

Late last month Prochem announced that it had completed the modernization of its Irydium office complex, located on ul. Emilii Plater. The project, valued at over zł.12 million, was financed from its own funds. It included an overhaul of all three buildings - which date from the pre-war period - and the remodeling of interior areas into an open-space office structure comprising around 4,000 sqm. Prochem has already leased around 80 percent of the office space.

This month, the company signed a contract with the Polish subsidiary of German publisher Bauer to provide general-contracting services for construction of a printing house in Ciechanów. The project, worth more than zł.50 million, is due to be completed in Q2 of 2008.

Other projects are in various stages of development. "This year we plan, in cooperation with other companies, to execute more developer investments. In the autumn, we should start two out of three investments in Kraków for which we have already acquired the land," said the president of Prochem, Marek Garliński.

Prochem is an engineering company providing services in planning, designing and supervision of construction work. It floated on the stock exchange in 1994 and had a net profit of zł.12.8 million in 2005 on turnover of zł.565 million.