Ciech is determined to acquire Police Chemical Plant following IPO

"We will spend the money on investments, among others in caustic soda and phosphor production," stated Ciech's president Ludwik Klinkosz. This year the management board plans to increase sales revenues to zł.4 billion, which is almost double the figure for 2004 (zł.2.2 billion). This is possible if Ciech manages to acquire the controlling stake in the Police Chemical Plant that the Treasury Ministry wants to privatize through the stock exchange. "One of our proposals is to take over the stake before the IPO. I also do not exclude buying the shares in the IPO," declared Klinkosz. Ciech also considers buying caustic soda sector companies in Ukraine and buying a stake in Organika Sarzyna chemical plant and Bydgoszcz-based Zachem. (Puls Biznesu, p. 10, Parkiet, p. 3) E.B.