Industrial Group Baltic sp. z o. o. together with the Management Board of Energomontaż-Północ Gdynia S.A. and the Management Board of Baltic Operator sp. z o. o., using the Group’s resources, are implementing a recovery program for Energomontaż-Północ Gdynia S.A. (EPG).

The current difficult situation of the Company is caused by the extraordinary change in prices of materials and services and their availability on the steel structures market, including those related to hostilities in Ukraine and the pandemic, which weighed on export contracts implemented by EPG in 2021-2022.

Energomontaż-Północ Gdynia S.A. currently participates in the implementation of the Group’s key contract in the field of offshore construction together with Baltic Operator sp z o.o. for a foreign client. The aim of joint activities is the correct and timely implementation of the contract, which will influence the proper provision of employee benefits by the Company. In the following weeks, EPG will be together with Baltic Operator sp. z o.o. continued its participation in the complete implementation of the contract and carried out the necessary restructuring activities.

Industrial Group Baltic sp. z o. o. continues to acquire new contracts on foreign markets.