On the day of 15th January 2014 the traditional New Year meeting of the HUTA ŁABĘDY Managing Board and the Company’s employees was held.
The meeting was attended by invited guests, including Mr. Jerzy Podsiadło – President of Managing Board at Węglokoks S.A. and Mr. Mariusz Suchoń – Deputy President of the Managing Board, members of the Supervising Board at HŁ, managing boards of subsidiary companies incorporated to the Capital Group HUTA LABĘDY, executive staff of the company and representatives of trade unions registered at HUTA ŁABĘDY.
On behalf of the Managing Board of HUTA ŁABĘDY the invited guests were welcomed by Mr. Zenon Górniak, President of the Board and CEO, who recapitulated results of the passing 2013 year and drawn up plans for future growth of the company in 2014. In his speech Mr. Górniak announced that the financial outcome of 2013 year was better than the corresponding results recorded in 2012, which is the effect of dedication and involvements of the entire personnel, consistent execution of the Company’s restructuring, substantial savings on own expenses and reduced purchase of third-party services with keeping the employment at the same level and slightly higher production output.
In the passing year the shares of HUTA ŁABĘDY were permitted for market turnover. It was the opportunity that was benefited by ‘Węglokoks S.A.’ that offered really good price and repurchased more than 350,000 of shares, which enabled them to increase their contribution to the HŁ capital up to 97%. Owing to the repurchase campaign the personnel and pensioners of HUTA ŁABĘDY could sell their shares.
Mr. Górniak also outlined plans for further development of the Company for the short-term period. In 2014 HUTA ŁABĘDY shall carry on implementation of the investment plan, where the key undertaking is erection of a new ERW Tube Plant for manufacturing both structural and conveying tubes, specifically API tubes (suitable for conveying of heat, gas, liquid fuel and other utilities. Production of tubes shall enable diversification of the Company’s business with simultaneous maintaining the leading position on the market of mining products, where HŁ has been operating for many years. Few weeks before the Company got the promise from the Minister of Economy that the factory shall be incorporated into the Special Economic Zone of Katowice. To the end of his speech Mr. Górniak, as the Company’s CEO, emphasized strong support from ‘Węglokoks” to implement the investment program for the incoming years.
The official part was crowned by a short speech delivered by Mr. Jerzy Podsiadło, President of the Managing Board and CEO of Węglokoks S.A., who appreciated results of HUTA LABĘDY, recapitulated financial results of the entire Capital Group ‘Węglokoks’ for the year of 2013 with contribution of HUTA ŁABĘDY as the Group member and defined strategic goals of the Group for 2014.