Nafta Polska's chemical sector strategy - expect no main holding company

The director of state-owned Nafta Polska (NP) Maciej Gierej revealed that its programme for the industrial chemicals sector, which includes product consolidation, would involve NP itself and other shareholders. Nafta Polska would take over 75% stakes in four fertilizer producers, while the remaining plants would be sold to investors following restructuring. According to Gierej there are no chances of creating a holding of all companies with a unified strategy. "This would take too much time and we want all companies to restructure on their own. The process would be financed and coordinated by NP. We hope to receive the necessary tools and finance from the government," said Gierej. The sector fears that the programme would be analysed by the government after the EU referendum. "This may cause many additional problems," warned the president of ZA Kedzierzyn Jerzy Majchrzak. (Puls Biznesu, pp. 1, 6) M.M.