27.01.2009
Signing of deal by the subsidiary company Izostal SA to recieve funds from Polish Agency for the Enterprise Development
In January the 27th, 2009 the Management Board of Stalprofil SA was informed about signing by the subsidiary company Izostal SA of a deal named "Umowa o dofinansowanie nr UDA – POIG.04.04.00-16-002/08-00 w ramach działania 4.4 Nowe inwestycje o wysokim potencjale innowacyjnym osi priorytetowej 4 Inwestycje w innowacyjne przedsięwzięcia Programu Operacyjnego Innowacyjna Gospodarka 2007-2013" with Polish Agency for the Enterprise Development.
According to the deal amount of EU funds to be received to aid investment program realised by Izostal SA named "Utworzenie innowacyjnego Centrum Izolacji Antykorozyjnych rur stalowych" is 20.109.789,08 PLN. The deal was signed in 30.12.2008, and the date of completing the project was fixed on 31.12.2009.
Realised investment, that aims at creating a modern production plant being a leading domestic centre of antirust protection, will lead mostly to enlargement of assortment that Izostal will be able to offer based on its own production. Thanks to the new plant the company will enlarge the spectre of diameters of pipes that can be isolated by antirust external covers, and also will bring a new product (to this time offered in cooperation with subsuppliers), ie. a broad range of antirust covers on internal surface of pipes.
The company considers the contract important as its value exceeds 10% of the issuer’s equity.
Legal basis: §5 cl.1 item 3 of the Regulation of the Minister of Finance dated October 19, 2005 on current and periodical information submitted by the issuers of securities.
According to the deal amount of EU funds to be received to aid investment program realised by Izostal SA named "Utworzenie innowacyjnego Centrum Izolacji Antykorozyjnych rur stalowych" is 20.109.789,08 PLN. The deal was signed in 30.12.2008, and the date of completing the project was fixed on 31.12.2009.
Realised investment, that aims at creating a modern production plant being a leading domestic centre of antirust protection, will lead mostly to enlargement of assortment that Izostal will be able to offer based on its own production. Thanks to the new plant the company will enlarge the spectre of diameters of pipes that can be isolated by antirust external covers, and also will bring a new product (to this time offered in cooperation with subsuppliers), ie. a broad range of antirust covers on internal surface of pipes.
The company considers the contract important as its value exceeds 10% of the issuer’s equity.
Legal basis: §5 cl.1 item 3 of the Regulation of the Minister of Finance dated October 19, 2005 on current and periodical information submitted by the issuers of securities.