The mining machinery manufacturer modifies strategic directions to take advantage of the opportunities and benefits of the global transition to low-carbon economies. The Group wants to become a leader of green transformation among the Polish mining companies. The first step is to enter the photovoltaic sector based on the combined resources and competencies of Projekt Solartechnik (P+S), TDJ and FAMUR Group. The strategic decision to start building a holding company that invests in green transformation is expected to allow the FAMUR Group to achieve a minimum of 70 percent of non-steam coal revenues by 2024.
The work on this project is a response to increasing geological and human constraints during underground operations. Implementation and multi-stage tests lasted almost a year and involved experts from FAMUR, FAMUR Institute, Elgór+Hansen and Elsta Elektronika. This is how an integrated system for automatic control of the FAMUR longwall system was created.
According to consolidated financial data, in 2019, the FAMUR Group achieved a net profit of approx. PLN 249 million. The Group's sales revenue amounted to approx. PLN 2,165 million, while generated EBITDA was approx. PLN 451 million. In light of the COVID-19 pandemic, the Management Board of FAMUR SA decided to strengthen the Group's financial position and deemed it justified to recommend that the entire profit for 2019 be retained, and at the same time maintained the adopted dividend policy.
The Management Board of FAMUR SA donated PLN 300,000 to the Megrez Provincial Specialist Hospital in Tychy (Poland), currently functioning as a Single-Purpose Infectious Disease Hospital. This financial support is to help collecting measures essential to fight the SARS-CoV-2 /COVID-19 epidemic.
In the competition under the patronage of Andrzej Duda, President of the Republic of Poland, the Independent and Self-Governing Trade Union "Solidarność", for the twelfth time selected the companies that meet the highest standards as employers. FAMUR SA Longwall Systems Division in Gorlice found its place among the winners of the prestigious award. Andrzej Ziara, Director of Glinik Division received the certificate from the President. The ceremony was also attended by Mirosław Bendzera, President of the Management Board of FAMUR SA, and Marek Bugno, Chairman of the Intercompany Commission of the Independent and Self-Governing Trade Union "Solidarność" "Glinik" in Gorlice.
FAMUR SA, a leading supplier of solutions for the mining industry in Europe, and Gerbang Daya Mandiri PT, with its registered office in Indonesia, on 8 November this year signed a contract for delivery of a longwall system with the necessary equipment. The contract value is over EUR 10 million.
The FAMUR Group will once again be present at the International Trade Fair for Mining, Energy and Metallurgy in Katowice. The event will be held on 10-13 September in the International Congress Centre and the "Spodek" Arena.
Below you can find a tender offer to purchase shares in PRIMETECH Spółka Akcyjna of Katowice (the “Company”) (the “Tender Offer”), being given by FAMUR S (the “Bidder”) in connection with the planned purchase by the Bidder of shares in the Company, representing 100% of the total voting rights in the Company. This Tender Offer is being made under Art. 91.6 of the Act on public offering, conditions governing the introduction of financial instruments to organised trading, and public companies of July 29th 2005 (consolidated text: Dz. U. of 2019, item 623) (the “Act”), and pursuant to the Regulation of the Minister of Finance of September 14th 2017 on the forms of tenders for sale or exchange of shares in a public company, detailed manner of their announcement and the terms and conditions of purchase of shares as a result of such tenders (the “Regulation”).
The FAMUR Group reported revenue of PLN 473.6m for the first quarter of 2019, down on the PLN 501.5m figure posted for the same period last year. A combination of the diversified product mix supporting revenue, continuous production process improvement and commitment to keeping costs low resulted in improved reported profitability.