Ciech to conquer Thailand

Ciech, a Polish pesticides producer has registered its products, produced by a subsidiary Organika-Sarzyna, in Thailand, reports Parkiet daily. Ciech plans to produce other products, including synthetic sodium, in North America, Africa and South-east Asia. A pesticides factory in Vietnam is also taken into consideration. Development of sodium factory in Romania and another one in Inowrocław, Poland, is in progress. The latter one will consume PLN 260 million. Synthetic sodium, however, is becoming decreasingly popular, because of its natural competitor trona. The new owner of Ciech, KI Chemistry, which belongs to a Polish multimillionaire Jan Kulczyk, will eventually decide upon any foreign investment of the company. In H1 of 2014 Ciech generated net income of PLN 26.5 million.