By Jaroslaw Adamowski
Brzeg Dolny, Poland -- Polish polyol manufacturer PCC Rokita is “considering launching PU production in Thailand,” the company said in a filing to the Warsaw Stock Exchange.
PCC Rokita says that it is also considering to purchase a stake in its Thai partner, the Bangkok-based IRPC Polyol (IRPC), with whom it is planning to set up a joint venture to produce PU systems in Thailand.
In January 2015, PCC Rokita and IRPC signed a deal under which the Thai company was to distribute PU systems in Asia-Pacific markets, as UTECH-polyurethane.com reported at the time.
PCC Rokita said that it has been ready to announce the new move since 29 February, 2016 but held off to retain its negotiating position.
Set up in 1946 and headquartered in Brzeg Dolny, in Poland’s south-west, PCC Rokita supplies its PU systems predominantly to firms active in the furniture and construction industries. The manufacturer is a subsidiary of Germany’s PCC.
IRPC says that, along with its subsidiaries, it is the first fully integrated petrochemical conglomerate in South-East Asia. The company had previously operated under the name of Thai Petrochemical Industry, and it launched production in the petroleum and petrochemical industries in 1982.