Selena Group purchases new plant

The new plant will produce insulation systems, tile installation materials, mordants and plasterworks.

The purchase, a part of Selena Group's IPO strategy, was carried out by subsidiary Tytan EOS.

The factory will increase the group's production capacity in the modern-chemical sector, especially in the insulation systems, where the company also hopes to improve its price-to-quality ratio.

Earlier this year the group signed a contract for development of a production plant in China for zł.25 million. Located in the Nantong economic zone near Shanghai, the company will produce polyurethane foams, sealants and adhesives for Chinese and other Asian markets.

Selena Group comprises 26 companies and 10 production plants worldwide. Sales to over 50 countries through its own trade companies in 16 markets make up two-thirds of the company's revenue.

The group is the world's fourth-largest producer of polyurethane foams and silicone sealants. In Poland the firm holds the top position in the foams sector (a 37-percent share) and second place in the sealants sector (19 percent). The company had revenues in Q2 of zł.134 million and a net profit of zł.5.8 million.