Ciech enters implementation stage of EUR 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 plant is about 450,000 tons of salt per year. As part of the preparation stage of the investment, a tender procedure was implemented, among others, for the delivery of key technology and the supplier of this technology has been selected and public aid was obtained from German administration authorities amounting to 11.25 million euros.