PCC prepares plan B as takeover option begins to fade

The German company announced that it will spend zl.500 million on the modernization of its Rokita chemical plant in Brzeg Dolny within four years. The plant produces chemicals for different sectors, such as plastics, construction, paper and furniture. PCC earlier planned to spend over zl.859 million on investments in Tarnów and Kedzierzyn, however the failure to purchase them have caused its management to change its strategy. Currently the company is seeking land for investment, but takes into account not only potential sites in Poland, but is also examining opportunities in other EU countries, including those states which will soon join the EU. "In four weeks the framework of our wider investment strategy will be prepared. It will be then evaluated by the supervisory board," said Piotr Maciejewski a member of PCC's supervisory board. (Puls Biznesu, p. 10) A.K.