Locked content Chilean mine project ready for production

KGHM is banking on its Chilean mine, Sierra Gorda, to start operating in June. The mine is to become the Polish copper giant’s chief endeavor within the next five years. It is considered to be one of the world’s largest copper mining projects. According to a Bloomberg Businessweek interview with Her...

Locked content GUS reports, industrial sales up in Q1

The Central Statistics Office reported that industrial turnover increased by 2.7 percent in Q1. This is a marked improvement compared to last year when industrial turnover fell by 4.3 percent in the first quarter. Export turnover for Q1 2014 also rose by 5.3 percent, while declining in Q1 2013 by 0....

Locked content Kraków SEZ will get PLN 60 million in investments

Dragon and Fideltronik will invest PLN 60 million in the Kraków Special Economic Zone. Dragon Poland will build a production-storage-office facility for chemical production. The company aims to utilize energy-efficient technologies and low-emission production processes, as reported by IAR. Fideltron...

Locked content Brazilian firm to buy polyamides from Azoty

Brazilian Comexport and Grupa Azoty signed a trade framework agreement, in which the Brazilian company agrees to purchase polyamides from Azoty, wnp.pl reported. The polymer is produced in Tarnów, a plant with capacity to produce at a rate of 80 thousand tons per year. We want to expand to Brazil, o...

Locked content KGHM to pay out dividend of PLN 5

Monday’s KGHM general meeting decided to pay out a total of PLN 1 billion, out of its 2013 profits of PLN 3.058 billion, in dividends. The payout of PLN 5 per share will come in two installments. The first installment is to be paid on August 18, while the second installment will be paid on…

Locked content Rokita to debut on the WSE this Wednesday

PCC Rokita, the Lower-Silesian chemical producer is to make a Warsaw Stock Exchange debut on June 25. The company offered 2,531,296 shares in the institutional tranche and 446,699 shares in the retail tranche, according to an earlier PAP release. The selling price per share was PLN 33. Rokita, based...

Locked content Alumetal shareholder to sell 8.38 million shares

According to PAP, Abris CEE Mid-Market Fund, the majority shareholder in Alumetal will sell 8.38 million shares in the aluminum producer. The maximum price per share has been announced at PLN 44, while on July 4, the final price will be announced. A total of 55.56 percent of shares will be on offer....

Locked content Coal distributor investigated

Two prosecutor’s offices are investigating, Składywęgla, a distributor of imported coal in Poland, wrote Puls Biznesu. The first prosecutor is looking at the owners and management of the firm, while the second one is checking its connections with a Russian firm.Składywęgla, with PLN 250 million in t...

Chinese equity fund will invest in Polish infrastructure

CEE Equity, based in Warsaw, will invest USD 2 billion in Polish infrastructure projects, such as roads, waste disposal facilities, solar and wind energy among others, wrote Puls Biznesu. According to the managing director of CEE Equity, Rafał Andrzejewski, the fund will have more time to invest the...

Orlen CEO apologizes for tapes and takes aim at Wprost

In a personal statement published by PKN Orlen, the company’s CEO, Jacek Krawiec, apologizes for his statements which were heard during discussions recorded in the tape scandal. At the same time, he scolded the publisher of the tapes, Wprost magazine, for over-reaching boundaries of journalistic int...