Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
    • UTECH Europe 2021
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
April 26, 2022 02:10 PM

Selena chases China for compensation

Jaroslaw Adamowski
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    2022, Web, 800, Shanghai, Nantong, Wuxi, Yangtze, map.jpeg

    Nantong, China — Polish PU foam maker Selena is chasing the Chinese and local governments for compensation as it has to move its factory in Nantong because of potential flooding.

    The plant, which makes rigid PU foams and other building materials, is in danger of flooding as a result of the Yangtze River area protection programme, according to an official document received by the company.

    Selena plans to use the compensation to relocate the factory, which was valued at CNY58.2m ($ 8.9m), according to a filing with the Warsaw Stock Exchange.

    The parent company has provided Selena Nantong Building Materials, which operated the plant, with guidelines related to seeking compensation for the assets of the Chinese factory, and also with other damages and costs related to a possible relocation of the plant in Nantong.

    The Nantong plant is thought to be Poland's largest manufacturing investment in the Chinese market.

    Selena operates a number of production facilities across the world. In addition to the Chinese factory, this include plants in Poland, Spain, Romania, Brazil, Turkey, and South Korea Last year, Selena unveiled a project to open a new production facility in Kazakhstan, where the company's activities are focused on making insulation systems. Under the plan, the new factory should be complete by 2024.

     
    Currency conversion: XE.com

    Recommended for You
    Self-blowing non-iso PU foam created
    Self-blowing non-iso PU foam created
    US mattress imports continued to surge in March 2022
    US mattress imports continued to surge in March 2022
    FRX’s Nofia FRs given ChemForward’s Safer designation
    FRX’s Nofia FRs given ChemForward’s Safer designation
    Latest Issue
    April/May 2022 issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Office 127,
    61, Willow Walk,
    London
    SE1 5SF
    E-mail us
    +44 (0) 203 287 5979

    Customer Service:
    +1 313 446 0450

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
      • UTECH Europe 2021
    • Advertise
    • Contact Us
    • Issues
    • Subscribe