Tag Archives | unipetrol

Czech Unipetrol downgraded on lack of growth potential

Raiffeisen Centrobank has downgraded its rating on the stock of Czech petrochemical producer Unipetrol to ‘Reduce’ from ‘Hold’ noting its lack of growth potential, according to ICIS news. “We like Unipetrol’s restructuring and debt reduction track record and we think that with its specialisation in niche petchem products, the company will be able to tackle […]

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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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