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...

Elements for success

Poland’s chemical industry is back on track for growth. It continues to improve its position globally with the help of strong investment and recent consolidation in the sector

Locked content Ciech won’t fire employees in its Soda unit

WSE-Listed chemicals group Ciech came to agreement with labor union at its soda unit. The company won’t fire 155 employees in exchange for a 3-year freeze on wage demands. According to the agreement, no employees will be laid off in the Soda Polska Ciech for the next 3 years, some of them will be tr...