20.08.2010

Ministry of Economy has granted funding to the subsidiary Izostal SA

On 20 August 2010 Management Board of Stalprofil SA was informaed about a grant to the subsidiary Izostal SA in Zawadzkie by the Ministry of Economy - Department for Implementation of Operational Programs, funding a project implemented by Izostal SA in the "Operational Programme Innovative Economy 2007-2013" Action 4.5, subaction 4.5.2.
This project aims at expanding the existing businesses and diversify the company\'s production, by creating the possibility of implementing more new products and services to the production process  including those based on innovative technological solutions through R&D work carried out.
Grant amount awarded to the above project amounts to PLN 7,262,500.00 which represents 36.5% of the total investment.