Poland prepares chem consolidation strategy

28 February 2008 17:37  [Source: ICIS news]

PRAGUE (ICIS news)--Poland hopes to have a revised plan for the consolidation of Poland’s state-held chemical companies ready by mid-April, the government said on Thursday.

One objective of the strategy would be to find an alternative to merging melamine, caprolactam and nitrogen fertiliser producer ZA Pulawy (ZAP) and nitrogen fertilizer and titanium dioxide (TiO2) producer Zaklady Chemiczne Police (ZChP), said a spokesman for the Treasury Ministry.

He added that the strategy will be devised by Nafta Polska, the state agency set up to privatise Poland’s oil and petrochemical sectors.

Poland’s base chemicals producer Ciech has expressed an interest in acquiring ZAP and ZChP, but the spokesman would not comment on the company’s chances of realising these transactions.

By: Will Conroy
+44 20 8652 3214

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