Budapest - BorsodChem ceo Wolfgang Büchele has told Hungarian national news agency MTI-Eco that Yantai Wanhua Polyurethanes, the Chinese company that has bought most of BorsodChem's mezzanine loans, is creating "continuous uncertainty" at the company.
Büchele believes that Yantai does not support BorsodChem's debt restructuring and stated in the MTI report that the Chinese group should demonstrate its commitment by revealing its intentions for the Hungarian isocyanate producer.
The BorsodChem ceo said that the Chinese investor still has not clearly presented its vision for the investment. Büchele believes that BorsodChem would not gain from a partnership with Yantai as it already has its own technology and sales force in EMEA (Europe, Africa and the Middle East). (RD)