Friday, May 14, 2021

Adventure World Warsaw Declares Bankruptcy, Vekoma CEO May Save Park

Henk Roodenburg, (CEO, Vekoma Rides Manufacturing), Dirk Engelhardt (Manager Sprzedaży, Mack Rides), Roland Mack (President of the Board of Mack Rides ), Peter Jan Mulder (CEO AWW), Edward Pawley (General Manager AWW) oraz Christian von Elverfeldt (Dyrektor Zarządzający Mack Rides).
Henk Roodenburg, (CEO, Vekoma Rides Manufacturing), Dirk Engelhardt (Manager Sprzedaży, Mack Rides), Roland Mack (President of the Board of Mack Rides ), Peter Jan Mulder (CEO AWW), Edward Pawley (General Manager AWW) oraz Christian von Elverfeldt (Dyrektor Zarządzający Mack Rides).

By Joe Kleiman, InPark News Editor

Grodzisk Mazowiecki, Poland (October 24, 2014) — Polish newspaper Puls Bizensu quoted a letter issued October 16 to Adventure World Warsaw (AWW) employees by developer Peter Jan Mulder: “It is with great sorrow that I declare that I have signed an application for the bankruptcy of AWW and its subsidiary firms.  Despite many attempts, it was not possible to build and finance the amusement park in Grodzisk Mazowiecki.  AWW is unable to meet its obligations to its creditors.  This failure seems to be permanent.”

In February, IPM reported that AWW’s failure to pay construction fees had contributed to the stock value of Imtech, one of the Netherland’s largest companies, dropping by half.

In June, the park and resort released the following statement on its website:

“In order to obtain long term financing for the construction of the Adventure World Warsaw Resort and amusement park, the AWW Board was obliged to have the project split into a number of constituent parts to facilitate the phasing of the construction. This task of dividing the project into separate phases has been placed with an independent design company WATG. Prior to commencing this task, WATG has conducted a preliminary audit of the design. This audit has concluded that the design needs to be improved. Making improvements to the design is predicted to last for about 8 weeks. As a consequence the Board have put the project on hold until the middle of August whilst this re-design is completed.

“From the 18th of June the AWW headquarters is closed. The office of Adventure World Warsaw will be moved to a temporary location until a new office is built at the construction site of Adventure World Warsaw in Grodzisk Mazowiecki.”

There have been no official communications from the park since.

Quote, a Dutch business and lifestyle magazine, reports that Henk Roodenberg, CEO of ride manufacturer Vekoma, is co-developer of AWW, with “reportedly . . .  at least € 30 million pumped into the park.”  The magazine cites insiders stating that because of the ownership share, “Roodenberg wants to buy out his ex-partner Mulder for € 1 and then start ‘with a clean slate’ to complete [the park].”

READ THE FULL QUOTE ARTICLE HERE (IN DUTCH)

 

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