Key figures in Poland’s flexible foam industry suggest the country’s output is in the region of 200kT/year – which is double the estimated annual yield in the previous decade. Jane Denny reports.
Growth in Poland’s furniture industry in recent years has led to an increase in demand for foam with the knock-on effect of investment in foaming technology and process. As Eurofoam ceo Alexander Mikolasek says: “It is true [the Polish foam market] is not very transparent but what is obvious is that over the last 10 years it has been, and continues to be, a very dynamic market. For sure it is the most dynamic market in Europe.”
Total sales revenue for key foamers in the country – Dendro, Organika, Ciech and Vitafoam and a few smaller players – was close to EUR 1bn in 2014. Adding materials producer, PCC Rokita’s sales into the pot takes that figure to well over that amount. Suffice to say, Poland’s foam industry is booming.
Given the continued growth of Poland’s economy and furniture demand, companies along the furniture supply chain have been and are still investing millions of Euros in expansion, consolidation, diversifying product offering as well as improving their R&D capabilities.
Polish national daily newspaper Rzeczpospolita publishes a report called the 2000 List of the Republic. It includes information, which the companies provide, on Poland’s largest companies.
Among other details, the report shows that Vita Polymers invested over PLN 254m in its Polish subsidiary during 2014. The same year, Ciech spent over PLN 202,000 while PCC Rokita - which is about to invest EUR 10m in expansion plans - spent over PLN 161m.
Poland’s flexible foamers grow the market
The polish flexible polyurethane sector is made up of a number of private companies which dominate the sector.
While they are privately held, Poland, like other civilised countries insists that they produce annual accounts which it registers at its National Court of Registry. It is possible to locate company information at www.krs-online.pl. This is where the following information was gathered.
The largest company in 2014, the most recent year for which figures are available, in terms of sales was Dendro with just under PLN 400m in sales, followed by Vita Polymers Poland with PLN 298m and Ciech with PLN 232m. Organika, which was number two in 2013 had sales of PLN 202m in 2014. Other foamers, Doser and CIS account for around PLN 60m between them, as can been seen from the graph.
Between 2010 and 2014 the Polish flexible foam industry was enjoying growing sales, and growing margins as is shown in the graph of national sales and margins.