Tag Archives | Czech Republic

Hope for Czech chemicals as GDP data shows improvement

Analysts forecasts just out suggest that Czech Republic will boast GDP growth of 1.2% in the first quarter (Q1) this year, pointing to a gradual, permanent revival of the economy this year. Construction should lead the recovery, good news for commodity chemical producers in the region.According to the Prague Daily Monitor recovery will be slow, […]

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Spolchemie rescue plan presentation

Spolchemie’s general manager, Francois Vleugels, has sent me a Powerpoint presentation detailing his strategy for rescuing the ailing Czech epoxy resin producer. He is presenting this at the World Refining Association’s Global Petrochemicals conference in Vienna this week. As you’ll see, Vleugels’ plan involves steep cost cuts, process optimisation, and major moves to improve the company’s image […]

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Francois Vleugels to run Spolchemie

Francois Vleugels, the driving force behind the modernisation of Czech Unipetrol, is to become the new CEO of Czech chemical group Spolchemie. This is good news for the fellow whose abrupt departure from Unipetrol raised a few eyebrows.I interviewed Vleugels at 2008′s European Petrochemical Association (EPCA) meeting in Monte Carlo. He told me candidly about […]

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Unipetrol gets rebrand

The company is to be totally subsumed into PKN Orlen and known as Orlen Ceska Republika. This is the end of an era!This train will need to be repainted!http://www.youtube.com/watch?v=eAdgz1F6gho

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Czech chemicals report highlights Reach issue

A report just out on the state of Czech Republic’s chemical sector highlights the likely fallout from the president’s decision last August not to comply with the EU chemical regulation Reach. Companies such as Unipetrol face a conundrum. Whilst they do not need to comply with Reach domestically, any exports will need to comply with […]

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Stormy meeting for Unipetrol?

Unipetrol, part of Poland’s PKN Orlen, has had a tough time of it in recent months. Political interference at head office in Poland means every time there is a change of government in Poland, a new set of managers are appointed at Orlen.This contributed to the resignation of Unipetrol’s CEO, Francois Vleugels, earlier this year. […]

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Bankruptcies to soar in Eastern Europe, but not as bad as the West!

According to today’s ft.com, there will be a huge rise in corporate bankruptcies this year, up by 35% this year, “turning the world economy into a “burial ground” for businesses, according to a study by Euler Hermes, the credit insurer. In a study published on Thursday, the Paris-based unit of Allianz, says the rate of […]

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