Chemar, a long-standing company in Kielce, stands on the brink of bankruptcy despite repeated attempts by the Industrial improvement Agency (ARP). The current financial situation of the company is dramatic, which led the board to file for bankruptcy. The article presents a detailed analysis of Chemar’s financial condition, historical context and possible scenarios for the future.
Current situation
According to the information provided by “Gazeta Wyborcza”, over the last 2 years Chemar has recorded 10 million PLN losses. associate of the Supervisory Board Łukasz Mucha informs that despite the funds allocated by the ARP, the financial situation of the company remains very bad. As a result, the board headed by president Krzysztof Adamczyk applied to the territory Court in Kielce for bankruptcy of the company.
The procedural aspects of the application for bankruptcy
Judge Tomasz Durlej explains that the case is in the first procedural stage. In early July, Chemar reported that the application had been lodged by the creditor, which was not true. It is possible that the contractor simply informed Chemar of its intention to apply. According to ‘Gazeta Wyborcza’, it was a company from Piekar Śląski, which supplied a melting furnace.
History and economical Context
Chemar has existed since 1954, and in his years of glory he employed 5416 people. Currently, the company employs only 140 employees. Łukasz Mucha, manager of the office of the Świętokrzyskie voivodship, informs that president Adamczyk filed for bankruptcy due to the hard economical situation of the company and the force of creditors. The fly admits that the supervisory board is afraid about the situation of the company and the destiny of its employees.
Attempts to save the Company
President Adamczyk, who took office just before the parliamentary elections, announced that he wanted to make changes and save the company. However, despite financial injections from the ARP, the situation of Chemaru remained difficult. Over the past years, the company has sold properties and the Świętokrzyska Industrial Group Industria has taken over electrical networks from Chemar.
Świętokrzyska Appeal “Solidarity”
Świętokrzyska “Solidarność” repeatedly called on the ARP for a repair program for Chemar. Waldemar Bartosz, the head of the Świętokrzyska "Solidarity", expressed disapproval of the agency's past passiveness, stressing that the aid should go on improvement alternatively than "overeating".
Restructuring and Connection to Foundry
As early as 2019, Chemar was in a hard situation, which forced workers to frost the collective agreement and social fund. Chemaru's daughter company, Foundry, was undergoing judicial restructuring. In the following years, the merger of Chemaru and Foundry took place, and steel foundry became the main activity of the company.
The future of Chemar
Krzysztof Adamczyk considered in the autumn erstwhile he included the position that the company was to be saved and announced plans to enter fresh industries and open a welding school. However, the current circumstances and the hard financial situation of the company place these plans under a large question mark.
Summary
The situation of Chemaru is an example of the difficulties any companies face in Poland. Despite many attempts by the ARP to rescue the company, the Kielce company was on the brink of bankruptcy. The future of Chemaru remains uncertain and further action depends on the decision of the court and possible support from the IDA and another institutions.
Chemar, with his long past and contribution to the industry, deserves a comprehensive analysis and support to be able to proceed to operate and defend his employees' jobs.
Continued here:
Kielecki Chemar requests bankruptcy
