Tag Archives | Spolchemie

Spolchemie restructures, signs JV with Japan’s DIC

Spolchemie CEO Francois Vleugels (pictured) has been extremely busy. He told me this week he is planning to split the company into several independent operating units with the aim or attracting financial partners, divestment, and even closure of uneconomic divisions.The troubled firm expects its lenders to approve a restructuring plan by the end of July […]

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Vleugels goes all out to rescue Spolchemie

I’ve just interviewed Czech epoxy resins general manager, Francois Vleugels, about his strategy for rescuing this company which he took over later last year. Vleugels was forced to do a deal with lenders to stop the group going bankrupt. He has put in place a vigorous rescue plan, and has already regained the market share […]

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Oil refinery

Central and Eastern Europe chemicals industry call for ideas

I’m currently planning a special issue of ICIS Chemical Business magazine focussed on the central and eastern Europe and Russian chemicals industry.  Please send me any good ideas for articles to explore this fascinating region. I’m thinking about: CEO interviews Poland privatisation update BorsodChem Spolchemie Russian chemical projects update and much more…

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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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