Brzeg Dolny, Poland — In the first six months of 2018, Polish polyol maker PCC Rokita invested PLN 11.5m (EUR 2.67m). The investments are in expanded and modernised capacity.
This builds on last year’s investments of PLN 42.2m (EUR 9.79m) in this segment, according to company representatives.
'These investments are related to developing its current areas of activities, the continuation of initiated investments, and new, potential endeavours', Marlena Matusiak, the investor relations manager at PCC Rokita, told UTECH-polyurethane.com.
Recently, the company has also been cooperating with Malaysia’s Petronas. PCC Rokita signed a framework agreement in February 2017. This covers a plan to build an alkylate oxide plant in Malaysia’s Terengganu state. Petronas would deliver ethylene oxide.
This said, due to the size of the project, the Polish producer is considering transferring the investment to its parent company, Duisberg-based PCC SE. PCC Exol, a Brzeg Dolny-based subsidiary that makes and sells surfactants announced this in a statement on 5 October.
PCC SE will decide how to proceed. The decision will be based on the number of how busy PCC Exol is, and the ability to secure funding.
Separately, as part of its international expansion plans, PCC Rokita confirmed that it no longer planned to buy any of Romania's Oltchim.
PCC told the Warsaw Stock Exchange last year that PCC Rokita was interested in buying a stake. The firm has not disclosed why it changed its mind.
XE Conversion date: 24 October