Ciech's new plan to embrace Polfa's external trade

The largest national chemical group Ciech has offered three state pharmaceutical companies Polfa Tarchomin, Warszawa and Pabianice closer ties. It has created a new firm, Ciech Polfa (CP), and intends to take over the three pharmaceutical companies international trade. At the same time Ciech offered each of the producers a 15% stake in the newly established enterprise. "CP has been set up on the basis of Dinco Grupa Ciech which was responsible for importing and exporting drugs. Ciech wants to hold at least a 51% stake in CP. It is possible that in the future the three Polfas will take control over the new firm," says CP president Marcin Dobrzanski. He added that this is just a preliminary proposal, but he believes that the three producers will accept the deal. "All the details will be discussed as soon as we receive an answer from Polfas' representatives," he said. The three producers are considering various ways of working more closely with CP, however they are reluctant to give Ciech control over their international trade. (Puls Biznesu, p. 7) A.Z.