Lubelski Węgiel Bogdanka S.A. and Węglokos S.A. have signed a letter of intent on future cooperation

The companies signed a letter of intent on 18 September 2023 in Katowice, during the European Steel Congress - Steel 2023. The content of the document regulating the cooperation between the two companies was signed by Tomasz Heryszek, President of the Management Board, and Marek Akciński, Vice-President of the Management Board for Group Affairs, on behalf of Węglokoks, and Kasjan Wyligała, President of the Management Board, and Dariusz Dumkiewicz, Vice-President of the Management Board for Trade and Investments, on behalf of Bogdanka.

Currently, the two companies are implementing recently developed, ambitious growth strategies aimed at strengthening their position in the market. Węglokoks S.A. focuses primarily on the development of the Company’s steelworks and plans to invest in modern production lines. For Lubelski Węgiel Bogdanka S.A., on the other hand, the long-term development strategy means striving to become a Multi-Commodity Concern. This line of development entails supplying a variety of raw materials to many industries, including but not limited to the steel industry.

Access to the mining expertise and technologies that Lubelski Węgiel Bogdanka has creates the potential to identify and exploit strategic raw material deposits, which is crucial for the country's economic development. We are extremely pleased that we will be working with Węglokoks to provide the highest quality iron-bearing charge for the planned steelworks. As a key player in the Polish mining industry, we want to play an important role in the strategy of comprehensive development of the value chain in the metallurgical segment, and thus contribute to building Poland's raw material, energy and industrial sovereignty

said Kasjan Wyligała, President of the LW Bogdanka S.A. Management Board.

Ensuring a stable supply of raw materials is of utmost importance for steelworks

says Tomasz Heryszek, President of the Management Board of Węglokoks S.A.

Only companies with the highest reliability can be partners in such a supply chain. We are pleased to be able to cooperate with such companies as Lubelski Węgiel Bogdanka S.A.

added Tomasz Heryszek.

WĘGLOKOKS S.A. is a company that has been operating in global markets for more than 70 years. Our products have reached 62 countries around the world. The company is intensively expanding its operations in the steel and energy markets, as well as in logistics and trade. WĘGLOKOKS S.A. heads a thriving Corporate Group, bringing together business entities with strong ties to the national economy. We want to make it part of our mission to provide professional service to our customers by offering them relevant, high-end products, services and solutions with the highest standards of service and environmental protection. The newly prepared Growth Strategy of Węglokoks SA calls for the development of the existing steel plants and the construction of new ones.