06 July 2011 17:36 [Source: ICIS news]
LONDON (ICIS)--PCC Rokita’s capital expenditure (capex) strategy will see investments of up to zlotych (Zl) 100m ($36.5m, €25.3m) per annum made for several years ahead, the Polish chemical company said on Wednesday.
The commitment would aid the continuation of a capex programme that has seen Zl600m spent in the past five years, on initiatives including the construction of a 30,000 tonne/year ethoxylation plant at the company’s PCC Exol subsidiary in ?xml:namespace>
PCC Rokita outlined its capex strategy while announcing the success of a two-year bond issue, drawn up to raise Zl15m to help fund projects including the completion of a project to eliminate mercury from its chlorine production. The issue, it said, was oversubscribed.
The company viewed the bond issue as something of a trial, and its success could lead to further issues, PCC Rokita added.
PCC Rokita, owned by
($1 = Zl2.74, €1 = Zl3.95)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections