Tag Archives | poland

See Polish ZAK’s highly polished fertilizer marketing video

Take a look at ZAK’s marketing video which gives a good overview of the Polish company’s product portfolio. Has anyone found other English language videos from CEE/Russian chemical companies? Let me know and I’ll put them on the blog. 

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Brenntag pulls out of acquiring Cheman from Poland’s Ciech

The somewhat farcical Poland chemicals privatization really is limping along and looks set to grind to a halt altogether. The latest bad news is that German distributor Brenntag has opted not to pursue its interest in acquiring the chemical distributor subsidiary Cheman from Polish chemical group Ciech.Brenntag’s due diligence must have thrown up some horrors […]

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Poland extends privatization deadline to 23 July

There is now more breathing space for bidders wanting to buy a stake in Poland’s ZAP chemical plant in Puławy and Zakłady Chemiczne Police.According to polishmarket.com the Polish Treasury has extended until July 23 the deadline for investors planning to place initial offers for the purchase of ZAP and Police, the Treasury has said in […]

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Poland’s ZAP ups bid for majority stake in Anwil

After Anwil’s majority owner PKN Orlen dug its heels in over the price, Zaklady Azotowe Pulawy (ZAP) has decided to up its bid to between zloty (Zl) 1.4bn-1.8bn ($417.9m-$537.3m, €340.6-€438.0m).An improved offer increased the probability that ZAP could conclude a deal for Anwil before the negotiating deadline of 30 June at a price likely to […]

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Poland’s chemical industry may be hit by currency, feedstock costs

An interesting report, just out, today says growth in the Polish petrochemicals industry could be hindered by the appreciation of the zloty and rising naphtha costs.According to the report, Poland has a position as a regional outperformer owing to its resilient internal demand driven economic model, manageable private sector leverage, robust banking sector and stable […]

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Poland chemicals privatization slows to a snail’s pace

As predicted by this blog, the unrealistic expectations of Poland’s treasury officials mean that they have halted the privatization of chemical firms Zaklady Azotowe Tarnow (ZAT) and Zaklady Azotowe Kedzierzyn (ZAK). The privatization agency, Nafta Polska, reported the decision on Thursday after a binding bid for controlling stakes in the firms submitted by Germany-based Petro […]

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Poland’s Ciech may not attract buyer unless government backs down

The flagship privatization of Poland’s Ciech again looks shaky as reports suggest the country’s treasury is unwilling to accept lower bids for the group. Ciech is Europe’s second largest producer of soda ash and this market has not been performing well. As the privatization process stumbles on it is looking more and more like the […]

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Poland’s Ciech achieves refinancing deal

Good news for Poland’s largest chemical maker, Ciech, which has secured a $460.5m loan from a consortium of banks in a debt restructuring deal that took eight months to conclude.The zloty (Zl) 1.34bn (€345.4m) agreement will address the financing needs of the main company, 14 Polish subsidiaries and Romanian soda ash subsidiary Uzinele Sodice Govora, […]

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Poland privatization heats up: Germany’s PCC submits bit for fertilizer firms

Germany’s Petro Carbo Chem (PCC) has submitted a binding bid for controlling stakes in Polish state chemical firms Zaklady Azotowe Tarnow (ZAT) and Zaklady Azotowe Kedzierzyn (ZAK), state industry restructuring agency Nafta Polska said on Tuesday.According to ICIS  news, the bid had been submitted within the agreed privatization deadline, with PCC having had its exclusive […]

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Ciech extends debt restructure deadline

Shares in Poland’s struggling chemical group, Ciech, have jumped after it revealed the deadline for concluding debt restructuring talks had been extended to 16 April from 1 April. The move gives the group more breathing space and enables talks to resume with potential bidders for the group. Ciech was withdrawn from the current Polish chemical […]

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