Poland’s state-owned aggregate producer KSS up for sale

Investors have been invited by the Polish State Treasury to take part in negotiations regarding the purchase of an 85% stake in the aggregate producer Kopalnie Surowcow Skalnych (KSS) in Zlotoryja. In 2012, KSS had a PLN 5.75 million (€1.36 million) net loss and saw its revenue shrink from PLN 19.41 million (€4.6 million) in 2011 to PLN 9.86 million (€2.3 million). Currently, the company is undergoing restructuring. Companies interested in the privatisation of KSS must make their offers by 21 November, 2
November 14, 2013 Read time: 1 min

Investors have been invited by the Polish State Treasury to take part in negotiations regarding the purchase of an 85% stake in the aggregate producer Kopalnie Surowcow Skalnych (KSS) in Zlotoryja.

In 2012, KSS had a PLN 5.75 million (€1.36 million) net loss and saw its revenue shrink from PLN 19.41 million (€4.6 million) in 2011 to PLN 9.86 million (€2.3 million). Currently, the company is undergoing restructuring. Companies interested in the privatisation of KSS must make their offers by 21 November, 2013.

Related Content

April 3, 2012

Zlotoryja investor shortlist revealed

The Polish Government has revealed that there are 11 companies bidding to acquire Zlotoyja-based quarry business Kopalnie Surowcow Skalnych Zlotoryja. The companies, which include KGHM Ecoren, Basalt Minerals of Germany, Gorazdze Kruszywa, Cemex and Eurovia Polska, have been cleared to carry out due diligence for the takeover.

September 8, 2014

Germany maintains its top position in Europe’s aggregates industry

MIRO, the national aggregates federation, now represents about 1,600 companies with 27,000 employees running 3,200 extraction sites, a rise from 1,300 operators with 2,100 sites. These produce, in the main, primary raw gravel and sand, of which about 253 million tonnes were produced in 2011 (the most recent figures found), and natural stone at 229 million tonnes. Together these alone represented about €1.5 billion.

Industries other than construction, such as iron and steel production and processing, gla

July 4, 2014

Poland’s Gorazdze targets big sales rise of ready-mixed concrete and aggregate by 2019

Gorazdze, the Polish cement producer owned by HeidelbergCement, aims to increase its annual ready-mixed concrete sales by 1 million m³ to 3 million m³/year and its aggregate production from 6 million tonnes to 10 million tonnes/year by 2019.

The firm’s concrete and aggregate operating profit has systematically fallen over the last few years, and since 2012 has been around zero. Also part of the group’s ambitious new sales strategy, based on its in-house produced cement and aggregates, are plans to increa

boombox1

Highlighted Content

boombox2