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 flow from operational activities, factoring, leasing and other sources of debt financing," the press release reads. The Ciech Chemical Group comprises nine companies. It recorded sales revenue of over PLN 3 billion in 2014. The company has been listed on the WSE since 2005.