Poland’s steel distributor Stalprofil has announced it has withdrawn from signing the contract with Gaz-System due to the occurrence of factors beyond the Contractor's control, which occurred after the date of submission of the offer. Stalprofil had secured place in a consortium was as a partner with a bid bond in the amount of PLN 250,000. As a result of the withdrawal from the conclusion of the contract, Gaz-System kept the bid bond. Stalprofil, recognizing that the reason for withdrawing from signing the contract was the occurrence of force majeure events, intends to seek a refund of the bid bond from Gaz-System.These factors, in the opinion of the Stalprofil, are force majeure, in particular:1. Cancellation of tenders by subcontractors in the field of specialist works, justified by circumstances beyond the control of these entities, occurring after the date of submission of tenders,2. Limited possibilities of purchasing materials necessary for the execution of the order, at the scheduled dates and prices, caused mainly by the effects of the aggression of the Russian Federation against Ukraine, including the introduced economic sanctions3. Excessively prolonged course of the contract award procedure practically impossible, in combination with the factors indicated in point 1 and 2, execution of the contract within the time limits planned by the Ordering PartyPolish gas transmission operator Gaz-System had recently awarded a consortium of Polish steel companies Izostal as leader, Ferrum & Stalprofil as partners a contract for the supply of externally insulated and internally painted DN700 steel pipes with a total length of approximately 40 kilometers for Skoczow Komorowice Oswiecim Tworzen gas pipeline. Deliveries under the PLN 116 million (EUR 25 million) agreements will take place from 1 January 2023 to 30 June 2023.Kolonowskie based Izostal SA is a manufacturing and trade company which has been present on both domestic and international investment assets markets since 1993 as a leading supplier of pipes for the gas industry in Poland and other countries of the Central and Eastern Europe. Izostal offers single layer epoxy coatings, three layer epoxy-copolymer-polyethylene coatings and three layer epoxy-copolymer-polypropylene coatings. In 1890 Rhein & Co merged with Jakub Steelworks. The new enterprise was called Ferrum and operated as public limited company. In 1900 Ferrum implemented less labour intensive production technology for pipes delivering water to turbines which was based on water gas welding. After World War II Ferrum was nationalised and included in metallurgical department of national economy. In 90s the company was converted into single member State Treasury joint-stock company and a restructuring programme started. In 1996 The Polish Securities and Exchange Commission admitted Ferrum in 1996. In 2004 shareholders decided to change the name of the company Huta Ferrum SA was replaced by Ferrum SA.Poland’s major steel distributor Stalprofil has been part of the steel industry. Today, the company is one of the major steel distributors in Poland, selling steel products to domestic and foreign markets. For its activity Stalprofil uses two warehouses in Dąbrowa Górnicza and Katowice, which are one of the largest in Poland. Located in the north and south of Śląsko-Dąbrowska conurbation, they leverage the logistics of the Company, facilitating access to customers. Stalprofil holds 60.28% shares of Izostal, a producer of insulated steel pipes.
Poland’s steel distributor Stalprofil has announced it has withdrawn from signing the contract with Gaz-System due to the occurrence of factors beyond the Contractor's control, which occurred after the date of submission of the offer. Stalprofil had secured place in a consortium was as a partner with a bid bond in the amount of PLN 250,000. As a result of the withdrawal from the conclusion of the contract, Gaz-System kept the bid bond. Stalprofil, recognizing that the reason for withdrawing from signing the contract was the occurrence of force majeure events, intends to seek a refund of the bid bond from Gaz-System.These factors, in the opinion of the Stalprofil, are force majeure, in particular:1. Cancellation of tenders by subcontractors in the field of specialist works, justified by circumstances beyond the control of these entities, occurring after the date of submission of tenders,2. Limited possibilities of purchasing materials necessary for the execution of the order, at the scheduled dates and prices, caused mainly by the effects of the aggression of the Russian Federation against Ukraine, including the introduced economic sanctions3. Excessively prolonged course of the contract award procedure practically impossible, in combination with the factors indicated in point 1 and 2, execution of the contract within the time limits planned by the Ordering PartyPolish gas transmission operator Gaz-System had recently awarded a consortium of Polish steel companies Izostal as leader, Ferrum & Stalprofil as partners a contract for the supply of externally insulated and internally painted DN700 steel pipes with a total length of approximately 40 kilometers for Skoczow Komorowice Oswiecim Tworzen gas pipeline. Deliveries under the PLN 116 million (EUR 25 million) agreements will take place from 1 January 2023 to 30 June 2023.Kolonowskie based Izostal SA is a manufacturing and trade company which has been present on both domestic and international investment assets markets since 1993 as a leading supplier of pipes for the gas industry in Poland and other countries of the Central and Eastern Europe. Izostal offers single layer epoxy coatings, three layer epoxy-copolymer-polyethylene coatings and three layer epoxy-copolymer-polypropylene coatings. In 1890 Rhein & Co merged with Jakub Steelworks. The new enterprise was called Ferrum and operated as public limited company. In 1900 Ferrum implemented less labour intensive production technology for pipes delivering water to turbines which was based on water gas welding. After World War II Ferrum was nationalised and included in metallurgical department of national economy. In 90s the company was converted into single member State Treasury joint-stock company and a restructuring programme started. In 1996 The Polish Securities and Exchange Commission admitted Ferrum in 1996. In 2004 shareholders decided to change the name of the company Huta Ferrum SA was replaced by Ferrum SA.Poland’s major steel distributor Stalprofil has been part of the steel industry. Today, the company is one of the major steel distributors in Poland, selling steel products to domestic and foreign markets. For its activity Stalprofil uses two warehouses in Dąbrowa Górnicza and Katowice, which are one of the largest in Poland. Located in the north and south of Śląsko-Dąbrowska conurbation, they leverage the logistics of the Company, facilitating access to customers. Stalprofil holds 60.28% shares of Izostal, a producer of insulated steel pipes.
