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.
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