Brzeg Dolny, Poland -- Polish chemical company PCC Rokita has announced plans to invest PLN 50m (EUR 11.8m) in expanding its polyurethanes output capacity over the next three years.
The company will provide its new polyurethane systems mostly to companies from the furniture and construction industry, said Wieslaw Klimkowski, chief executive of PCC Rokita.
"With these funds we are planning to increase output capacity by 150% for polyurethanes,” Klimkowski said.
Klimkowski said the latest decision is related to the group's long-term development strategy.
"With the planned increase in output capacity, PCC Rokita is eyeing higher export sales to numerous markets. These include both European countries, such as Germany and Italy, and non-European markets, including Turkey and South-Eastern Asia, said Klimkowski.
Other plans for the Polish manufacturer include its forthcoming debut on the Warsaw Stock Exchange. PCC Rokita is aiming to launch its initial public offering by the end of 2014. Earlier this year, the company released its IPO prospectus.
Set up in 1946 and based in Brzeg Dolny, Poland, the manufacturer is a subsidiary of Germany's PCC SE.
XE Currency Conversion: 14 March
