Parade. They led to a fall and want reconstruction. Tusk announced the renovation of Rafako for weapon production

Prime Minister Donald Tusk today announced that the state would invest some money to keep the Rafako company, whose bankruptcy was explained a few months ago. The production of armament would be launched in the factory that has been active in the energy industry for years.

Rafako is an old contractor for energy blocks and a manufacturer of energy equipment, one of the largest employers in the Racibórz region. The head of the government said that although the continuation of Rafako’s current activity is impossible, there is nothing that boilers have ever been made, now that the weapon production is launching. Tusk pointed out that there is Polish and European money to spend and in the interest of state security is to spend on weapon production.

The Board of Directors of Rafako applied for bankruptcy on 26 September 2024, indicating that the inability to agree to the most important creditors of detailed conversions of the obligations of the company to shares in an increased share capital or an alternative scenario for further restructuring of the obligations of the company that would reduce the debt. According to Rafako, the company could regain the ability to obtain external financing for future orders.

Rafako Bankruptcy

In September last year, Rafako’s management explained that the loss of financial liquidity and the need to submit a bankruptcy statement led to the termination by JSW Coke Mediation executed from Rafako before the office of the General Officer and collected the deposit PLN 35 million guarantee. The JSW Koks agreement with Rafako concerned the construction of a cogeneneration flower block that has been fired with coke gas with a capacity of approximately. 32 MW electric and 37 MW of heat. JSW Koks explained his actions with a considerable exceeding of Rafako data and costs of the contract.

The court in Gliwice made a decision on 19 December last year about the bankruptcy of Rafako (it became final on January 21). January 23 of this year, the Rafako Trustee announced this year’s behavior until the end of February. Group dismisses, with a maximum of 699 employees of the company. This happened because of the poor economic situation of the company, the court that has issued a bankruptcy decision, the need to liquidate the workplace, including the liquidation of workplaces, as well as the lack of other possibilities to do business by the company or the use of its resources.

Takeover of assets

At the beginning of April this year. The Industrial Development Agency has announced that Polimex wants to become a member of the company with ARP and TF Silesia to take over selected Rafako assets. ARP said in a statement that the business model that takes on a new and strategic sectors for economic development is currently developing. In a communiqué published by Polimex Mostostal, it was written that the concluded conditional investment agreement assumes that Polimex, ARP and TF Silesia will join the company established by one of these entities and shares in an increased share capital in a 9 million PLN. This company would take action to take over the organized part of the company or selected Rafako assets.

In March of this year, the Ministry of State Activa Pap transferred that it is looking for solutions for Rafako, so that the company could continue to operate. The ministry then admitted that ARP participates in conversations with a potential investor about the acquisition of the company and creating a model of financing. He also assured that for a long time he has seen the need to take effective actions to stabilize Rafako’s situation, among other things. However, because the cards do not have instruments that make direct support of entities possible in a difficult situation, they asked the ARP and PFR to present the possibilities of Rafako support.

At the time, the Ministry recalled that the discussions and the proposals presented in 2024 did not allow to reach agreement due to the lack of acceptance of the Rafako administration and the most important shareholders and creditors of the company.

At the end of January of this year. Trade Unionists from Rafako, president of Racibórz and staroste Racibórz, signed an open letter to the Prime Minister to speed up the procedures to save the bankruptcy of the factory.

Also read:

– And Tusk was so “stored” by Rafako! 700 people per pavement. Morawiecki: the governments of the losers destroy everything. “They don’t want, they can’t, they have somewhere”

– A dramatic attraction of Rafako employees in the government. They sent a letter to Tusk: intervene, because without Rafako cease to exist

– The last accent of the fall of Rafako. Almost 700 people will lose their jobs! Donald Tusk’s government did not help to save the company

– Tusk did not store Rafako. Morawiecki Appeals: dealing with the Polish economy and industry. Stop shooting Poland. At work!

MAZ/DAP