By Jaroslaw Adamowski
PCC Rokita mulls €2.07m Thai investment
“The final price of the shares will be established based on the annual financial report of IRPC Polyol for 2016,” PCC Rokita said in a filing to the Warsaw Stock Exchange (WSE).
Last year, PCC Rokita and IRPC signed a joint venture agreement under which the Thai company was to distribute PU systems in a number of Asia-Pacific markets. Under the plan, the partnership is to target China, India and Southeast Asia with the product range. IRPC Polyols will make products based on technology provided by PCC Rokita and supply its output to the JV.
PCC Rokita owns a plant in Brzeg Dolny, in Poland’s south-western Lower Silesia region. The company supplies its PU systems mainly to companies active in the furniture and construction industries. PCC Rokita is a subsidiary of Germany’s PCC which owns more than 70 subsidiaries in 12 countries worldwide.
In the first half of 2016, PCC Rokita reported revenues of about PLN 549m (€128.07m), and a net profit of some PLN 65.3m (€15.23m), according to the latest available figures from the company.
IRPC says it is the first fully integrated petrochemical conglomerate in South-East Asia.
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