Orlen takes first step to consolidate strategic chemical plants

PKN Orlen intends to invest a considerable amount of its financial resources in the chemical sector. The company has already selected the firms with which it is willing to co-operate and now is waiting for the green light from the Treasury Ministry. "We are interested in investing in the Kędzierzyn, Tarnów and Puławy nitrogen plants. We also intend to take over the Firma Chemiczna Dwory chemical plant. We have asked the Treasury to allow us to conduct the due diligence in these firms, and following that we would be ready to file a purchase bid," said Orlen deputy president Janusz Wiśniewski. Orlen is the largest supplier of materials to the chemical sector These acquisitions would secure the fuel giant against foreign concerns which are vying for control over the Polish fuel market. (Puls Biznesu, p. 8) A.Z.