Ciech plans acquisitions
02 July 2007 00:00 [Source: ICB Americas]
Poland's largest base chemical group, Ciech, intends to spend up to zlotych (Zl) 4.8bn ($1.7bn) on acquisitions over the next five years, and is sizing up opportunities in Europe's soda ash and silicon sectors.
Targets could include the Polish state-owned chemical and fertilizer firms Zaklady Azotowe Tarnow and Zaklady Azotowe Kedzierzyn, and melamine, caprolactam (capro) and fertilizer producer Zaklady Azotowe Pulawy. Ciech may also take a stake in Polish PKN Orlen-owned polyvinyl chloride and fertilizer producer Anwil.
As a result, annual sales could rise to Zl8bn by 2011 from last year's Zl3.2bn, a spokesman said.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
Related Articles
- 10 May 13 09:38 News in brief
- 09 May 13 15:57 Fiscal Q3 net profit at Poland's ZAP falls to Zl 163.2m
- 24 Apr 13 15:42 Polish fertilizer major ZAT renamed Grupa Azoty
- 19 Apr 13 11:26 Poland sells 5.75% stake in ZAT to EBRD, 6.33% to other investors
- 19 Apr 13 09:15 News in brief
- 16 Apr 13 16:45 Poland offering ZAT stake to EBRD - government source
- 12 Apr 13 17:54 Poland's ZAP to allow ministry official to join board
- 10 Apr 13 17:29 Poland's ZAT ups ZAP stake to 96%; may delist company
- 04 Apr 13 12:56 Poland's ZAT a 'top pick' to benefit from H2 economic recovery – bank
- 26 Mar 13 13:56 Poland’s ZAP bids for chems, resins producer Organika-Sarzyna
Latest News
- 20 May 13 03:29 Muntajat to leverage on the QAPCO, Qatofin structures
- 20 May 13 03:20 MPC restarts Saudi ammonia plant and DAP unit after maintenance
- 18 May 13 00:01 Indiana pulls nitrogen plant funding over fears about explosives
- 17 May 13 23:59 Europe May EO contracts fall in line with ethylene decrease
- 17 May 13 23:59 Europe May DMT reference prices roll over in line with feedstocks