Brief: Grupa Azoty Unit Signs Annex To Polimery Police EPC Deal With Hyundai Engineering

Grupa Azoty Zaklady Chemiczne Police SA

31/01/2022 07:00

Jan 31(Reuters) - Grupa Azoty SA  ATTP.WA :
    * SAID ON FRIDAY UNIT GRUPA AZOTY POLYOLEFINS HAS SIGNED
ANNEX NO.
3 TO ITS MAY 11, 2019 EPC DEAL WITH HYUNDAI ENGINEERING FOR
CARRYING OUT POLIMERY POLICE PROJECT
    * ANNEX UPS HYUNDAI ENGINEERING REMUNERATION BY EUR 72.48
MILLION
    * ANNEX EXTENDS POLIMERY POLICE PROJECT SCHEDULE BY 6 MONTHS
    * ANNEX CHANGES ATTACHMENT TO EPC DEAL SETTING OUT SCOPE OF
WORKS
UNDER DEAL
    * SIGNING OF ANNEX 3 DOES NOT CAUSE EXCEEDING OF POLIMERY
POLICE
PROJECT BUDGET, WHICH AMOUNTS TO $1.84 BILLION
    * INCREASE IN REMUNERATION FOR HYUNDAI ENGINEERING WILL BE
FINANCED FROM PROJECT RESERVE

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM7c8XNza
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