Nafta Polska presents its plans to consolidate chemical sector

The first possibility envisages forming a nitrogen company based on the Tarnów, Kędzierzyn and Puławy fertilizer plants, while the second idea is to enhance the capital of the Puławy plant with the assets of the Tarnów and Kędzierzyn factories. The president of Nafta Polska, Krzysztof Żyndul, quite openly favors the second option, arguing that this is more likely to spur positive changes in the sector, and is the quickest solution, as NP wants the new company to be formed in July. Later, around half of the shares in the new enterprise will be floated on the Warsaw Stock Exchange. A similar possibility is envisaged for the phosphorus plants which may be consolidated around the Police chemical works. (Puls Biznesu p. 6) M.G.