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.
On 31 October of this year, FAMUR SA and the Central Mining Institute (Główny Instytut Górniczy, GIG) signed a strategic cooperation agreement. The partnership alliance will reinforce the position of both entities on the Polish market and create new opportunities for their development.
In the first half of 2018, the FAMUR Group generated revenue of over one billion złotys, more than double the figure posted in the same period of 2017. Both net profit and EBITDA were nearly twice as high as in H1 2017. Such strong results, delivered with minimum use of debt, provide a solid foundation for implementing the Group’s new growth strategy.