Locked content Ciech CEO resigns

The CEO of WSE-listed chemical firm Ciech, Maciej Tybura resigned from his post citing personal reasons, the company said in a market filing. Supervisory board member Dawid Jakubowicz was named as interim CEO for the next three months, while Ciech will be looking for a permanent replacement. Ciech a...

Locked content Ciech buys Spanish Proplan for €44.6 mln

WSE-listed chemicals group Ciech has bought 100 percent stake in the Spanish Proplan Plant Protection Company. The deal value is €44.6 million. €4.5 million will be paid in equal installments during the period of 2019-2022. The current agreement to buy all Proplan shares replaced the previous agreem...

Locked content Ciech to buy Spanish Proplan for €33.5 mln

WSE-listed chemicals group Ciech will buy 75 percent stake in Spanish Proplan Plant Protection company for €33.5 million., the company said in a market filing with an option to acquire the remaining shares. “The transaction will significantly expand the product portfolio of the Ciech group in the fi...

Locked content Ciech to pay 2017 dividend of PLN 5.7 per share

Ciech intends to pay PLN 300.4 million in dividends for 2017, which corresponds to PLN 5.7 per share, the company said in a statement. It plans to allot the entire net profit of the company for 2017 increased by the amount transferred from the supplementary capital created from profits. 2017 net pro...

Locked content Ciech enters implementation stage of €100 mln investment in Germany

Ciech, the largest Polish producer of evaporated salt, has decided to enter executive phase of its 100 million euro investment in Germany. The company plans to build a production plant in Stassfurt, Germany. Ciech estimates to finish it in 2-3 years time. The anticipated production capacity of the p...

Locked content Ciech Q4 profit drops

WSE-listed chemicals firm Ciech had a PLN 137.4 million net profit in Q4, down by 21 percent y/y, but above the PLN 127l2 million consensus. EBITDA amounted to PLN 270 million (a 21.8 percent growth), while revenues stood at PLN 961.7 million, up by 5.9 percent. For the whole 2017, Ciech had a PLN 3...

Locked content Former WSE head among arrested in an anti-corruption probe

The anti-corruption agency CBA arrested six people, including former deputy treasury minister and WSE CEO Paweł T. (name withheld due to Polish privacy laws), in an investigation into the privatization of WSE-listed chemical firm Ciech. The prosecution plans to charge the arrested with negligence an...

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...