By Jaroslaw Adamowski, European Plastics News
Warsaw -- Poland's PU foam manufacturer Malborskie Zaklady Chemiczne Organika (Malbork Chemical Plants Organika) plans to increase its sales by 10% to Euro 110 million in 2012. The company also aims to invest about Euro 1 million to increase the polyurethane foam capacity of its Polish plants, according to reports in local media.
"It was quite a good year," said Dariusz Kwiecinski, chief executive of Organika. "Last year, the revenues of ... the Organika group exceeded Euro 100 million."
In 2011, Organika's Polish subsidiary posted revenues of about Zloty 230 million (Euro 54.5 million), and a net profit of some Zloty 9 million (Euro 2.13 million), according to preliminary results released by the company.
Besides its three PU foam production and processing facilities in Poland, located in Malbork, Czestochowa and Pogalewo, the group operates a further seven PU foam factories in seven eastern European countries. These include the Czech Republic, Serbia, Bosnia and Herzegovina, Bulgaria, Romania, Belarus and Russia.
The Russian market is among the ones with the highest growth potential, and the company aims to increase its PU foam output in the Kuznieck and Aleksandrov plants, according to Organika's chief executive.
"We are the biggest non-Russian PU foam supplier to the Russian furniture industry. Our market share is between 7-10 percent," Kwiecinski said.
In late 2011, Organika signed a letter of intent with an unnamed Russian chemical company to jointly set up a polyether polyols plant in Kemerovo, Russia.
Organika is headquartered in Malbork, Poland. The Polish group's ten production facilities have a total workforce of 900.