Poland's ZAT to spend $106m on petchem investments
It's refreshing to see that money is being invested in updating and expanding chemicals in Poland. So much news coming out of this country concerns the failed privatization process. ICIS news reports that Poland's Zaklady Azoty Tarnow (ZAT) group will spend up to Zl 300m ($106m, €74.4m) on investments in 2011 with a possible expansion of its polyamide 6 capacity to follow an increase in caprolactam output.
ZAT, which has already committed to boosting its caprolactam capacity to 101,000 tonnes/year from its current 86,000 tonnes/year by the end of 2011, added that it also intends to build a new hydrogen installation.
Currently ZAT and newly-acquired German subsidiary ATT Polymers have a polyamide 6 production capacity of approximately 46,000 tonnes/year each.
ZAT made the investment announcement while reporting its latest financial results.
Picture credit http://www.sxc.hu/browse.phtml?f=download&id=1022193
TrackBack URL: http://www.icis.com/cgi-bin/mt/mt-tb.cgi/196708