Samsung C&T Corporation signed a memorandum of understanding with Pekabex regarding the establishment of strategic cooperation, Pexabex reported. The partnership will cover transport infrastructure projects and the development of production and logistics facilities in Central and Eastern Europe.
The partners will strive to jointly develop their activities, including: expansion of production capacity and modernization of own factories, as well as entry into new markets, including neighboring countries of Central and Eastern Europe. The parties also intend to conduct technical cooperation in the field of environmentally friendly solutions and the development of production automation, it was reported.
“We are very pleased to have established cooperation with such a reliable partner as Pekabex, with technical knowledge and many years of experience in the prefabricated elements market. The signing of this cooperation agreement will be the first step towards building a strategic partnership between the two companies to further cooperate on business opportunities in Central and Eastern Europe,” said Jungwook Kim, executive vice president, head of Samsung C&T Corporation’s global operations department, quoted in the release.
According to the signed memorandum, Samsung’s investments in Central and Eastern Europe will include, among others: whenever possible, include construction solutions based on the modern prefabrication technology of the Pekabex Group. The Poznań-based company is also to be the preferred contractor for the Korean concern’s projects. The cooperation model is to be flexible to adapt to the specific requirements of target projects.
“Partnership with such a globally recognized brand is an honor and a great honor for us. I am convinced that our strategic cooperation will be very beneficial for both parties. This also brings us closer to our ambitious goal of being among the five largest construction companies in Europe in the system construction segment,” concluded Pekabex President Robert Jędrzejowski.
The Pekabex Group provides solutions in the field of design, production and assembly of facility structures based on the technology of prefabrication of reinforced concrete elements, as well as comprehensive turnkey construction of facilities and develops development activities. Production is carried out in five factories in Poland located in Poznań, two in Gdańsk, Mszczonów (near Warsaw) and Bielsko Biała, and in a plant in Germany. The company debuted on the main market of the Warsaw Stock Exchange in 2015; is included in the sWIG80 index.