Current Report No.: 15/2024
The Management Board of Boryszew S.A. with registered office in Warsaw (“Issuer”) advises that the Management Board of its subsidiary Alchemia S.A. decided on 20 May 2024 to initiate the process of liquidation of the Alchemia Spółka Akcyjna Walcownia Rur Andrzej Branch in Zawadzkie (“Branch”).
The Management Board of Alchemia S.A. decided to initiate the liquidation process, considering, among other things, the anticipated inability of the Branch to compete in the market, due to obsolete production technology, high cost of maintaining production activities and the anticipated steady increase in these costs, technologically and economically unjustified increase in expenditure on repairs and upgrading production technology, and the anticipated higher business benefits resulting from the liquidation of assets of the Branch versus those from maintaining production activities.
In 2023 Walcownia Rur Andrzej Branch recorded PLN 183 million in sales revenue in 2023 (in 2022, respectively: PLN 281 million).
Legal attitude: Article 17 section 1 MAR – Confidential information.
Signatures:
Wojciech Kowalczyk – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.