Conclusion by a Consortium consisting of: Izostal SA (Consortium Leader), Ferrum SA (Consortium Partner) and Stalprofil SA (Consortium Partner) of an Annex to the Agreement for the supply of insulated steel pipes DN1000 to OGP Gaz-System SA
In reference to the current report No. 26/2021 of November 23, 2021, the Management Board of Stalprofil SA informs that on May 20, 2022, the Company was informed about the signing of an Annex to the Agreement between OGP Gaz-System SA (the Ordering Party) and a Consortium of companies (Contractor) consisting of: Izostal SA (Consortium Leader), Ferrum SA (Consortium Partner) and Stalprofil SA (Consortium Partner) for the performance of the task entitled: "Delivery of insulated steel pipes for the needs of the Gustorzyn-Wronów gas pipeline and Dolna Odra. No. 2", procedure number: ZP/2021/04/0046/PZ, Part No. 1.
In the course of the implementation of the Agreement, a state of force majeure occurred in connection with the aggression of the Russian Federation against Ukraine started on February 24, 2022. This resulted in economic and individual sanctions as well as significant restrictions in the financial sector and international trade. In connection with the above, the Contractor had to relocate the production of part of the Subject of the Agreement, which is associated with an increase in prices.
Under the concluded Annex, the value of the Agreement was increased to PLN 218.6 million net, which constitutes PLN 268.9 million gross.
The other provisions of the Agreement remained unchanged.
The Management Board of the Company considers the concluded Annex significant due to its high value.