Locked content Ciech plans €100 mln in Germany

WSE-listed chemicals group Ciech will build a €100 million salt plant in Germany, the company said in a market filing. The facility will have 450 kt annual capacity, and Ciech expects the project to be completed within the next 2-3 years. “The Management Board has decided to initiate the preparatory...

Locked content Ciech profits up. No planned dividend payout

WSE-listed chemical group Ciech had a PLN 593 million net profit in 2016, up from PLN 343 million in 2015. EBITDA grew to PLN 883.8 million from PLN 707.5 million the year before, while revenues increased to PN 3.46 billion, from PLN 3.27 billion y/y. In key segment, the core soda business generated...

Locked content Ciech records PLN 160 million in profit

Ciech reported a PLN 161.93 million net profit in Q2, up from last’s year PLN 86.25 million. Revenues stood at PLN 867.13 million, up by PLN 27 million. Net profit in H1 was PLN 241.96 million. “We continuously aim at lowering our costs, making our products’s quality better and exp...
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Ciech to be traded at the Frankfurt Stock Exchange

As of August 10th, the management board of Ciech has submitted an application to lists its shares at the Stock Exchange in Frankfurt as part of the so-called “dual listing” process. Ciech,  as the first Polish company, will be listed at the Warsaw Stock Exchange and at Börse Frankfurt at the same ti...

Locked content Anti corruption office enters Kulczyk Holding

Poland’s anti-corruption office CBA has entered the offices of chemicals group Ciech and Kulczyk Investments, its major shareholder, as part of an investigation over Ciech’s privatization in 2014. “Officers entered the premises of Ciech and Kulczyk Investments today,” a CBA s...

Locked content Ciech to refinance its debt

Polish chemical company Ciech has signed a credit deal for PLN 1.34 billion in total and decided to redeem bonds worth €245 million, in order to refinance its outstanding debt, the company informed. In addition, Ciech will be provided with PLN 250 million revolving credit which is to be earmarked fo...

Locked content Ciech to refinance PLN 1.75 bln of debt through bonds & loans

WSE-listed firm Ciech wants to refinance up to PLN 1.75 bln of debt through a combination of bonds and bank loans, the company said in draft resolutions for an October 7 general meeting. The bond issues could be conducted both in Poland and abroad. Ciech Group is one of the leaders on the European c...

Locked content Ciech net profits up to PLN 86.25 mln

Chemical company Ciech posted net profits of PLN 86.25 million in Q2 2015, compared with PLN 20.59 million in the same period one year ago, the company said in a report. The company’s operating profit stood at PLN 123.65 million, versus PLN 83.17 million in Q2 2014. Consolidated revenues amoun...

Locked content Ciech to invest PLN 530 mln

Ciech has committed PLN 530 million to its current annual investment budget, the group reported. The funds are to be gained from debt financing. The company is pursuing organic development, it plans to continue the projects started in 2014 and prior. Any investments will be financed from “cash...