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Poland

Poland

Bilfinger to build €75m Polish offshore factory

POLAND: Bilfinger Berger-led consortium KSO has signed a letter of intent with local authorities in Szczecin (Poland) to build the offshore foundations factory in this town.

German construction company Bilfinger Berger owns 62% of KSO. The consortium will invest €75 million in the factory, which will produce 80 foundations annually.

The first foundations, with a1000-ton weigh,t are due to be manufactured in 2014. Other partners in the consortium are Polish shipyard Crist (25%) and Mars investment fund (12.5%), which is managed by state-owned Agencja Rozwoju Przemyslu (ARP).

Bilfinger said the factory will have annual sales of €180 million. The company assesses the offshore foundation demand on 5500 units in 10 years. The foundations produced in Szczecin will be sold to German and British developers building projects in the North Sea.

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