Mostostal Warszawa SA

Encapsulating more than 70 years of industry experience, Mostostal Warszawa SA today represents one of Poland’s largest construction companies
History and innovation

Encapsulating more than 70 years of industry experience, Mostostal Warszawa SA today represents one of Poland’s largest construction companies

The story of Mostostal Warszawa SA begins only three weeks after the end of the Second World War, with the creation of the Company for the Construction of Bridges and Steel Structure Mostostal (Przedsiębiorstwa Budowy Mostów i Konstrukcji Stalowych Mostostal) on 28th May 1945. This audit was also the original name of the business, which began work on the rebuilding of the important Warsaw thoroughfare, the Prince Józef Poniatowski Bridge, as its first project during July 1945. The bridge was subsequently put into operation only 12 months later on 22nd July 1946 and over the following months, Mostostal Warszawa would go on to build hundreds of bridges over several of the main Polish rivers. Many of these were located in Warsaw itself, where the company relocated to permanently from its previous base in Krakow during 1951. With this move Mostostal Warszawa increased its scope of work into the industrial and energy markets, allowing the company to engage with all types of large-scale and specialist steel structures.

Mostostal Warszawa continues to operate from its headquarters in Warsaw and today represents one of the largest construction companies in Poland, acting as a general contractor, while carrying out significant investments across the entire construction market. During its history the company has further grown to implement solid construction projects relating to all types of facilities for the general, industrial, environmental, energy, infrastructural and transport markets, which has allowed Mostostal Warszawa to acquire a broad base of experience that expands into the field of developing steel structures and technological installations for the petrochemical and chemical industries.

During 1999 Mostostal Warszawa became part of the Acciona Group, a leading Spanish concern with an international portfolio of operations that operates in more than 30 countries across the continents of Europe, North and South America, Asia, Africa and Australia. Today the main shareholder of Mostostal Warszawa is Acciona Construcción SA, a wholly owned business of Acciona Group SA. This has allowed the business to consistently grow with the support of an internationally established parent company, combined with its own in-house construction expertise. “We are currently preparing to publish the results of Mostostal Warszawa Group for 2016 in which we expect our backlog will amount to PLN 1.4. billion (€0.32 billion). Each quarter of 2016 the company generated gross profit of around PLN ten million to 14 million. As at 30/09/2016 the income was around PLN 34 million. Given the positive results achieved until September 2016, we are expecting that for the third year in a row, the company will end the year in the black,” reveals Vice President, José Ángel Andrés López. “We are very happy with the way that the company has progressed over the past year and during 2017 we expect to achieve similar results. Our strategy for the year is to really intensify our service offering and tendering activities, with an aim to secure further projects.”

Mostostal Warszawa is currently engaged in the construction of power units for Poland’s Opole Power Plant, which represents one of the largest infrastructure projects in the region in more than a quarter of a century. When the site becomes fully active in 2019, Opole will represent one of the most modern power plants in the world. The complex will encompass two blocks, each containing coalfired turbines with a gross capacity of some 900 MW that will annually consume four million tonnes of black coal excavated from Upper Silesia. The scope of work awarded to Mostostal Warszawa is valued at circa PLN 2249 million (€520.69 million) and will involve the construction of blocks no. 5 and no. 6 at the Opole Power Plant, which will be undertaken by the Mostostal Warszawa subsidiary, Mostostal Power Development. Throughout the project the company will be responsible for around 24 per cent of the total work occurring at the site, which will include the installation of its pressure parts; foundation works; and reinforced concrete structures for flue gas desulphurisation systems, oil installation, workshops and warehouses.

“Opole has been and continues to be a successful site, in terms of both financial results and also in terms of performance. We are extremely satisfied with the progress that has been made at Opole. In fact, we recently completed pressure testing as a key stage of boiler production at one of the blocks one month head of schedule,” José elaborates. “The Opole project is now entering into a very critical stage because there are almost 5000 workers on site and there are several works that are being undertaken at the same time. This means that the interaction between the various parties involved in the project is crucial and in this regard we have recently held a meeting with General Electric (GE) and Polimex Mostostal to demonstrate our willingness and ability to work together to make the project a success. Opole is a very significant project to all of the parties involved, even a company with the scale of GE, but I think that the co-operation that we established across all of the businesses involved will allow each company to progress profitably within their respective work plans.”

Further to its on-going success in the field of energy projects such as the Opole Power Plant, Mostostal Warszawa is also currently engaged in providing comprehensive solutions across several general construction, infrastructure and eco-friendly applications. In addition to the positive trading and operational conditions currently being enjoyed by the company, the future market for Mostostal Warszawa equally appears to be potentially lucrative in the wake of new amendments to Poland’s Public Procurement Law (PPL), which came into effect on 28th July 2016. Prior to the implementation of the new rules relating to the procurement of public projects, works of this type had been significantly slowed in the country, however are now set to rapidly increase with new tenders for 2017. This in turn will provide Mostostal Warszawa with an exciting platform with which to achieve further positive results throughout the coming year and into the future. “The public sector is starting to become very active and over the coming few months we have tenders valued at circa €3.5 billion for road and rail infrastructure projects, which could be both technically challenging and very interesting for us. Additionally, cities like Warsaw are increasingly investing their Metro systems and we certainly hope to be part of those project,” José concludes. “We are also preparing further tenders for the energy and chemical markets valued at around €1.5 billion, so we are looking at 2017 with a lot of optimism and think that the public authorities in Poland are in a position to continue to accelerate the tenders that they have to offer.”

Mostostal Warszawa

Services: Leading Polish construction firm