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.
On 13 May this year, FAMUR SA, a leading provider of mining solutions in Europe, and JSW SA, the largest producer of coking coal in the European Union, signed a contract for the delivery of a longwall system with the necessary equipment to KWK Knurów-Szczygłowice Ruch Szczygłowice. The contract value amounts to PLN 124,000,000.
The FAMUR Group, one of the key producers of mining solutions and bulk material handling systems in the world, recorded good results in 2018. Revenues over the past 12 months increased by 53% and reached PLN 2.229 billion at the end of 2018 with the Group's net profit of PLN 220 million. Good results are the effect of successful process of integration with the KOPEX Group, consistent implementation of the FAMUR Group's strategy and favorable market conditions.
Securing a gateway behind the longwall frontage is a problem that underground mines have faced for decades despite numerous attempts to improve this process. Due to an innovative approach, the patent no. P413645 obtained by FAMUR SA in December 2018 will undoubtedly facilitate work for miners and have a beneficial impact on the efficiency of the entire longwall system.
On 13 December, the FAMUR Group signed an agreement with Polska Grupa Górnicza (PGG) for the supply of 96 sets of new powered roof supports for the Murcki-Staszic Coal Mine (KWK Murcki-Staszic). The agreement is a follow-up to the selection of FAMUR's offer from 30 November 2018 as part of an open tender announced by PGG. The supports are to be delivered to the customer within 18 weeks of signing the agreement. The contract's net value is almost PLN 44.5 million.
On 30 November 2018, Przedsiębiorstwo Budowy Szybów SA (PBSz SA) belonging to Primetech SA concluded an agreement with Jastrzębska Spółka Węglowa (JSW SA) for the performance of underground works. The works will be completed at the KWK Borynia-Zofiówka-Jastrzębie Ruch Zofiówka coal mine belonging to the JSW Group. The investment in which PBSz SA will be involved is associated with plans to obtain access to new excavations by coal mines belonging to the JSW Group and, thus, to increase coal production.