Poland's ZAT resists pressure to reconsider Middle East POM plant

12 June 2009 12:07  [Source: ICIS news]

PRAGUE (ICIS news)--Poland's Zaklady Azotowe Tarnow (ZAT) is resisting domestic pressure to switch its intended location for a polyoxymethylene (POM) plant from the Middle East to Poland, a source at the company said on Friday.

Some members of the Polish Chamber of the Chemical Industry (PIPC) were calling on ZAT CEO Jerzy Marciniak to change the company’s plans, a source from ZAT investor relations said.

“Mr Marciniak pointed out that the cheaper electricity and raw materials available in the Middle East mean that a Polish chemical company like ZAT has to move expansions abroad to stay competitive,” the source said.

“Of course a company like ZAT regrets the loss of jobs in Poland, but such investments have become completely uneconomic in this country.”

ZAT is exploring the construction of an 80,000 tonne/year POM plant in the Middle East.

The company's existing POM unit in Tarnow, southeastern Poland, has a 14,000 tonne/year capacity.

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By: Will Conroy
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