ZA Tarnów clocks up $40 million in Chinese chemical know-how contracts

The first Chinese manufacturing plant that could utilize this technology, built in 2002, was itself the product of a 50-50 joint-venture between ZA Tarnów and a local Chinese partner, and it will be this plant that is set to receive the majority of money borne of the deals. "The Chinese party has until the end of June to carry out the transaction, with regard to, for instance, choosing the location for the construction of the installation," said Ryszard Ścigała, ZA Tarnów's president. As a result of this, it is possible that one of the contracts may yet be cancelled. "Our Chinese partners are not co-owners of the technology and they cannot sell them on to others," said Ścigała, whose company is said to be unafraid of the possible creation of new competition as a result of the technology transfer. (Puls Biznesu, pp. 1, 6) M.M.