News
In March, Budimex completed the first stage of works related to the alteration of the Port of Gdynia railway junction. The primary objective of the project is to improve the throughput of this strategic railway junction and increase the volume of cargo. Budimex has already completed more than 55% of all works covered by the contract.
It is the most important tramway investment in Warsaw. In less than two years, the residents of the capital will travel the route from Wilanów to Śródmieście in less than 30 minutes.
The Aleksander Węgierko Drama Theatre in Białystok is undergoing intensive renovation works. The modernisation of the institution is one of the most important cultural investments of the Podlaskie Voivodeship in recent years.
Budimex is currently completing the first of the planned two stages of the construction of a new production building and installations concerning a new lyophilisation unit, production of Highly Potent Drugs and R&D laboratory together with equipment, commissioned by the Investor – TZF Polfa S.A. in Tarchomin. The facility will have three main purposes, i.e. production of sterile forms, and laboratories for research and development (R&D) and quality control (QC). The investment is being carried out in BIM technology. The completion date of the works carried out by Budimex (Stage I – building without windows and doors) is planned for the end of April 2022.
Currently, as part of the investment, Budimex, the contractor in Stage 2, is performing hydrotechnical works, including: driving of sheet pile walls, demolition of the existing bank reinforcement and water cleaning, and micro-piling. Reinforced concrete works are also in progress as part of bridge abutments and shore reinforcement.
The works on Warszawa Zachodnia are one of the largest investments by PKP Polskie Linie Kolejowe S.A., of over PLN 1.9 billion net. The project is implemented under POIiŚ 5.1-13, entitled: “Works on the Warsaw cross-city line between Warszawa Wschodnia and Warszawa Zachodnia”. The works began in December 2020. The construction is scheduled for completion in 2023.
Budimex was awarded the title of the Construction Company of the Year by the jury of the Infrastructure and Construction Diamonds competition. The nominees included other general contractors: Mirbud, Unibep, PORR and Strabag.
The construction of the new power unit at Turów Power Station won the Build Safely competition. The project was thus recognised as the safest construction site in Poland. The competition is organised on a regular basis by the National Labour Inspectorate, and its partner is the Agreement for Safety in Construction. The contractor for the development was a consortium of Budimex, Mitsubishi Hitachi Power Systems Europe and Tecnicas Reunidas.
We are in contact with all our employees from Ukraine. All of them have been offered help, including financial and organisational support for their families staying in Ukraine and bringing their families to Poland. Our employees from Ukraine have also received an offer of support in accommodating their relatives in Poland
We are satisfied with the results achieved in 2021. Despite difficult market conditions in the wake of the COVID-19 pandemic, and rising prices of key materials, the Group’s gross profit in continuing operations (i.e. construction and services) increased from PLN 427 million in 2020 to PLN 554 million in 2021, while profitability improved from 5.5% to 7.0%. Such a good result is due to an improvement in the result of the construction part, and as a the result of settlement of transactions between the construction and development segments in the amount of PLN 68 million, following the sale of Budimex Nieruchomości.
In April 2022, one year will have passed since the signing of the contract to build Stage II of the waterway, which will connect the Vistula Lagoon to the Gdańsk Bay. This project stage includes shoring the banks of the Elbląg river, relocation of conflicting telecom and power utilities, and construction of a district road stretch and a swing bridge over the Elbląg river.
The steel frame structure assembly for the new PepsiCo food manufacturing facility is in its final stage. Earth and foundation work has already been completed. The construction project delivered by Budimex was launched on 1 August 2021. The project value is more than PLN 350 million.
On 25 January 2022, the Border Guards handed over to the contractors the construction site for the construction of the 186-kilometre wall on the border between Poland and Belarus. The contractor of the wall in the Białowieża Forest section is Budimex. The company makes every effort to ensure that works are carried out professionally and with respect for residents and the environment. Budimex will carry out works on the 100-kilometre section, and the border zone along the Białowieża Forest accounts for less than 40% of its length.
The Management Board of Budimex S.A. would like to invite you to a meeting to review the financial results of Budimex Group for 2021 and discuss the current market situation.
With regard to the development strategy for the next years adopted by the Company, the planned business expansion and changes in the organisational structure, the Management Board and the Supervisory Board of Mostostal Kraków appointed three new Members of the Management Board: Kacper Jaskot, Paweł Śmigla and Tomasz Guzik. Until now, the Management Board of the Company which belongs to Budimex Group was represented by the President of the Management Board – Jacek Lech (CEO) and a member of the Management Board – Jakub Tomaszewski (CFO). This change came into force on 20 January 2022.
The building shell of the House of the Heart 2 in Brusy is completed. Interior designs will be ready in a few weeks. Budimex is building a turnkey house for a family of 8 from Brusy in Pomeranian Voivodeship. This will be the second house to be built for a large family living in difficult economic conditions which is funded by the construction industry.
As of Monday, 10 January, Budimelex returns to the Warszawa Zachodnia station, providing transport for passengers between the bus terminus on Tunelowa Street/platforms of the Warszawa Zachodnia station and platform 9 (platform of the district line).
On 4 January 2022, after negotiations with the Ministry of Internal Affairs and Administration and the Border Guard, we signed a contract for the construction of a part of the barrier on the border between the European Union and Belarus. We will execute the project on market terms, being one of several companies on the Polish market that have adequate resources and experience to professionally execute this order on time.
On 3 January 2022, Budimex, together with the investor, the General Directorate for National Roads and Motorways and the Ministry of Infrastructure, officially opened the S61 Wysokie-Raczki section. The 20-kilometre section of the new expressway is the first completed section of the Via Baltica route in the Warmian-Masurian Voivodeship.
Today the Provincial Roads Authority in Łódź concluded a contract with a contractor for the construction of provincial road No. 714, along the existing district road No. 1164E. This is the section linking the Łódź Górna junction on the A1 motorway and the third stage of Trasa Górna, planned to be implemented by the City of Łódź.