Polimex Mostostal consortium signs PLN 3.43 bln deal with Orlen
18:51
Polimex Mostostal and Naftoremont-Naftobudowa have signed agreements with Orlen for the expansion of the Olefin installation in Płock. The construction companies will collectively earn a net amount of PLN 3.43 billion. As a result, Polimex Mostostal's stock prices surged by nearly 35% on the Warsaw Stock Exchange. The contracts specify a net remuneration of PLN 3.87 billion, with Polimex Mostostal and its subsidiary, Naftoremont-Naftobudowa, receiving 88.6% of the total amount.
The completion deadline for the project is set at 45 months. Orlen's decision to expand the Olefin complex is driven by increasing global demand for high-margin petrochemical products, with the market potential to double by 2050.
Source: wnp.pl
