Warsaw, Poland -- Selena Group has begun to build a plant to make polyurethane foams, sealants and adhesives in Nantong near Shanghai, China, the group announced 1 Dec. The Polish construction chemicals group said it expects production to begin late in 2010. It has invested about PLN 30 million ($10 million) in the project.
Selena is the first Polish investor in the special economic zone in Nantong.
The plant is at present Selena's biggest project in the Chinese market. "Apart from Central and Eastern Europe, the Chinese market plays a crucial role in the Selena Group's development strategy for the next years," said Krzysztof Domarecki , ceo of Selena FM SA, the group's holding company.
China's economy continues to have the highest GDP growth in the world (7.7 percent after the three quarters of 2009), partly attributable to rapid development in construction, Domarecki continued, adding that the plant will "boost the competitiveness of our products - foams and adhesives."
These are currently supplied from Selena's Polish factories, but over time, "China will become the central point for our geographic expansion into the South-East Asia and the Pacific islands."
On 24 Nov 2009, a groundbreaking ceremony marked the start of construction, attended by Tadeusz Chomicki - Poland's ambassador to China, Lan Shaomin - mayor of Nantong, numerous representatives of the NETDA economic zone and the Nantong city officials.
Selena also noted that it is developing production and distribution in China, following investment in the Chinese market through its joint-venture Foshan Chinuri Selena Chemical Co. Ltd, in 2007 with Korean partner Foshan Chinuri, a manufacturer of sealants for the Chinese and Central Asian markets.
That year also saw Selena Shanghai Trading Co. Ltd set up to distribute Selena's products in China selling products made in the Foshan Chinuri plant and PU foams sourced from Selena's Polish factory.
PIC: Krzysztof Domarecki, ceo of Selena FM SA, at the groundbreaking ceremony"