Ciech

Szukaj
WCAG A A A

News

The CIECH Group summed up the first quarter of 2020: increase in the margin in the soda segment, results due to the issues not related to operating activities

The CIECH Group generated solid results in the first quarter of 2020: the EBITDA margin (Z) was maintained at 17%, and in the case of the basic soda segment, it increased to 23% despite the production stoppage in Romania and the weakening economic situation. The EBITDA (Z) result amounted to PLN 142.1 million, compared to PLN 159.6 million in 2019. In addition to lower revenues from the suspension of production in Romania, the EBITDA (Z) and net result was affected by issues not related to core operations, including negative valuation of financial instruments. The Group has taken a number of initiatives to secure liquidity and reduce operating costs in subsequent quarters.

Read more

New member of the CIECH S.A. Management Board

On April 20, 2020, the Supervisory Board of CIECH S.A. has appointed Jarosław Romanowski as a Member of the Management Board of CIECH S.A. Jarosław Romanowski is a manager with many years of experience in the field of global organization management. An expert in the field of international trade, financing and project development. For years associated with the raw materials sector. In the years 2003-2006 and 2017-2020, Jarosław Romanowski was the Vice President of the Management Board (CFO) at Tele-Fonika Kable S.A. From 2002 to 2016, he worked for KGHM Polska Miedź S.A., holding the positions of: General Director for Finance, General Director for Sales and Hedging, and from 2013 to 2016 he was the First Vice President of the Management Board of KGHM Polska Miedź S.A. Jarosław Romanowski is a graduate of the Faculty of Management at the University of Economics in Poznań. Currently, Dawid Jakubowicz (President of the Management Board) and Mirosław Skowron (Member of the Management Board) also sit on the company's Management Board.

Read more

The German investment of CIECH may increase the Group EBITDA by approx. EUR 25 million per annum

A company of the CIECH Group, CIECH Saltz Deutschland, involved in a salt business in Germany, has signed a contract with a value EUR 44 million for the construction and installation of facilities in a new evaporated salt plant, which is being developed in Stassfurt, near the soda ash factory owned by CIECH. This is the largest investment in the history of CIECH, the commissioning of which will place the Group among the leaders on the European market for evaporated salt. The production capacity of the developed evaporated salt plant is 450 thousand tonnes per year, and the operation of the new plant may increase the Group's EBITDA by approx. EUR 25 million per annum. Currently, the production launch date in the new plant is scheduled for 1 January 2021.

Read more

CIECH Group has summarised 2019: better results and stable financial foundations for demanding times

The CIECH Group, the second largest producer of sodium carbonate in Europe and the largest Polish manufacturer of plant protection products (PPPs) and evaporated salt, published its results for 2018. The Group's revenues amounted to PLN 3,548.9 million, adjusted EBITDA to PLN 663.3 million, and net profit to PLN 116.4 million. The increase of the adjusted EBITDA profit, year-on-year, is the effect of an improvement in the operating result, while the net profit was burdened mainly with issues related to operations in Romania – write-offs for impairment of assets and the voluntary redundancy programme at the Group's Romanian factory . Thanks to the changes introduced in 2019, the Group strengthened its financial foundations, as reflected by the level of available cash, which amount to approximately PLN 700 million at the end of the first quarter of 2020. This improves the level of business security during a period of high uncertainty related to the economic situation worldwide.

Read more

The position of the Management Board of CIECH S.A. in connection with the impact of the coronavirus on the operations of CIECH Group

With reference to the recommendations of the European Securities and Markets Authority (ESMA) and the Office of the Polish Financial Supervision Authority, the Management Board of CIECH S.A. provides information on the current situation of the issuer and its group companies in connection with the continuing effects of the spread of the coronavirus. The Management Board of the issuer is monitoring, on an ongoing basis, the developments and the impact of the COVID-19 pandemic on the operations of the CIECH Group. The CIECH Group complies with all decisions and recommendations of the authorities while monitoring the situation on an ongoing basis, and its decisions are guided by concern for the health of its employees and care for the long-term value of the CIECH Group. Identifying the risks associated with the epidemic threat is of particular importance to the Management Board of the issuer, so as to enable it to take preventive action in advance. The Management Board of the issuer has diagnosed areas of potential risks associated with the COVID-19 pandemic, which may affect the future financial results of the CIECH Group in a significant manner. Any new circumstances materially changing the current economic situation of the CIECH Group or significantly affecting its current or future financial results will be published in further current reports.

Read more

CIECH Group has taken numerous measures to protect its employees, customers and suppliers against the effects of the COVID-19 pandemic

In the CIECH Group’s production facilities and companies, a number of measures have been introduced to protect employees' health and minimise the risk of the spread of coronavirus. All Group plants are operating in accordance with the detailed guidelines of the Ministry of Health and the Chief Sanitary Inspector, as well as regulations arising from the Coronavirus Act and the state of epidemiological threat introduced throughout Poland.

Read more

CIECH Soda Romania forced to suspend its production in the long run and implement the voluntary redundancy programme

The six-months’ negotiations on the resumption of the supply of process steam of an acceptable price to the Romanian soda factory of the CIECH Group have been ineffective so far. Accordingly, CIECH Soda Romania, which can no longer bear the cost of maintaining the entire staff of the plant due to its suspended production, was forced to make a decision on the implementation of the Voluntary Redundancy Programme and group layoffs. At the same time, the CIECH Group is still analysing the possibility of developing an effective steam source in the next few years to enable the Romanian factory to resume soda production in the long term.

Read more

CIECH Soda Polska with a letter of intent on the construction of a thermal waste treatment installation in Janikowo

The investment foresees the construction by EEW, EEW Polska and FBSerwis a thermal waste treatment installation at the CIECH Soda Polska plant in Janikowo. The parties assume that CIECH Soda Polska will be receiving heat of at least 850 GWh per annum, and the earliest commissioning of the installation is anticipated by the end of 2025. Receiving thermal energy from the Installation in Janikowo will have a positive impact on the consolidated financial results of the CIECH Group. The investment will be implemented and entirely financed by a special purpose vehicle established by EEW, EEW Polska and FBSerwis.

Read more

CIECH Soda Polska with a letter of intent on cooperation in the construction of a waste incineration plant

CIECH Soda Polska has signed a letter of intent with Remondis Energy & Services on cooperation in the construction of an incineration plant for municipal waste or waste of municipal origin. The cooperation is aimed at lowering the heat price and increasing the availability of the heat source at the CIECH Soda Polska plant, which will have a positive impact on the consolidated financial results of the CIECH Group. The parties assume that CIECH Soda Polska will collect heat for approximately 25 years, and supplies are expected to commence by 2026 at the latest. The investment will be implemented and fully financed by Remondis.

Read more

CIECH in the second stage of the Issuer’s Golden Website Contest

The Polish Association of Listed Companies [Stowarzyszenie Emitentów Giełdowych] has qualified CIECH S.A. to the second stage of the Issuer’s Golden Website Contest, in which it will compete for the "Best IR Service" award in the "Large Companies" category.

In the first stage, 164 websites of companies listed on the Warsaw Stock Exchange were evaluated. The second stage will last from February 24 to April 26 this year. The aim of the contest is to select the best website of a listed company. The jury consists of specialists in the field of graphics, journalism, technology, economics and investor relations. 

Read more

CIECH has completed soda contracting for 2020

The CIECH Group has finished contracting on the soda ash market for 2020. Soda from Polish and German CIECH plants will reach approx. 300 locations around the globe. Despite the slowdown observed in the automotive and construction industries, the primary market for the Group - Central and Eastern Europe - is characterised by stable demand, which is supported by, among others, ongoing and completed investments in the float glass production segment and the growing trend of using glass packaging, which may result in an increase in the production capacity of this glass segment, not only in this part of Europe.

Read more

CIECH S.A. awarded the “Company of the Year 2020” title

During a formal gala - “Bal Parkietu” (Equity Trading Floor Ball), organised by the publisher of the prestigious "Gazeta Giełdy i Inwestorów Parkiet" daily newspaper, CIECH S.A. was awarded the "Star of the Year 2020" title in the "Company" category. In their justification, the competition organisers emphasised the transformation of the CIECH Group, its expansion and the fact of the company's 15-year presence on the Warsaw Stock Exchange. The commemorative statuette was collected on behalf of CIECH S.A. by Dawid Jakubowicz, President of the Management Board of the Company.

Read more

Basic businesses within the CIECH Group will operate as separate companies

Pursuant to the provisions and objectives of the CIECH Group Strategy for 2019-2021, according to which CIECH is to become a diversified chemical holding, the Management Board of CIECH S.A. has adopted a plan to reorganise the Group. The plan provides for the separation of independent business entities in the form of subsidiaries, which are currently operating in the following seven basic areas: Soda, Salt, Agro, Resins, Silicates, Packaging and Foams. CIECH S.A. is to become a holding company with responsibility, among others, for defining the strategy of the Group and individual business units as well as standardisation and alignment of implemented support functions.

Read more

In the third quarter of 2019, adjusted EBITDA result of the CIECH Group increased by 8 percent

Over 20% margin in the soda segment, changes in the structure of the organic segment and good results in the sales of silicates - these are the key events of the third quarter in the CIECH Group, which enabled the Group to achieve an adjusted EBITDA result at the level of PLN 142.6 million, i.e. higher by 8 percent y/y. The CIECH Group is implementing its strategy for 2019-2021, the purpose of which is to improve the adjusted EBITDA result to over PLN 900 million in 2021. In addition to development investments, CIECH continues the process of increasing production efficiency in the soda segment, and in other business areas – geographical and product expansion. 

Read more

CIECH S. A. additional write-down for impairment of CIECH Soda Romania assets without impact on the adjusted EBITDA result

The Management Board of CIECH SA decided to create in the consolidated financial statements for the third quarter of 2019 an impairment loss of PLN 36. 8 million related to the cessation of supplies of process steam to CIECH Soda Romania ("CSR";) by the only steam supplier - CET Govora. The write-down does not affect the adjusted EBITDA result - the basic indicator showing the CIECH Group's business activity, cleaned from unusual one-off events, as well as cash flows or the CIECH SA unconsolidated result. The write-down will be recognized in the EBITDA result and the Group's net result (consolidated statement). In 2019, CIECH made two impairment losses on CSR assets in the total amount of PLN 73. 7 million. The first write-down on this account was made in the consolidated financial statements for the first half of 2019.

Read more

The division plan of CIECH Sarzyna

On 31 October 2019, CIECH Sarzyna and CIECH Żywice have adopted the plan for the division of CIECH Sarzyna by transferring the business unit of Resins to CIECH Żywice. In the result, CIECH Sarzyna will become a sub-holding company within the business unit Agro, and CIECH Żywice will become a separate company within business unit of Resins. The adoption of the division plan is aimed at achieving the main goal under the CIECH Group strategy, i.e. creating an effective and diversified chemical holding generating long-term positive value for shareholders. The division plan enables further steps as part of the review of strategic options that has been initiated for business unit of Resins.

Read more

Artur Osuchowski resigned from the position of Member of the Management Board of CIECH SA.

After 11 years in the Management Board of CIECH SA, Artur Osuchowski resigned from his position. Currently, the Company's Management Board is composed of two members and consists of Dawid Jakubowicz, President of the Management Board of CIECH SA and Mirosław Skowron, Member of the Management Board of CIECH SA. In recent years, Artur Osuchowski was responsible for CIECH's expansion into foreign markets, supervising sales in the Group's core business.

Read more

CIECH awarded in prestigious competition ‘The Best Annual Report 2018’

The jury of the the prestigious competition 'The Best Annual Report 2018' recognized the financial statement of the CIECH Group as one of the three best in 2018 among companies listed on the WSE. The aim of the competition is to promote annual reports with the highest utility value for shareholders and investors. This is another year in which CIECH S.A. is appreciated by experts of the Institute of Accounting and Taxes - in the two previous editions of the competition, the Company received awards for the Management Board's Report on Activities.

Read more

CIECH initiated the review of strategic options in relation to the Resins business

On 11th October 2019, the Management Board of the CIECH S.A. adopted a resolution to initiate a review of strategic options for the Resins business area. The initiation of the review of strategic options in relation to the Resins business area is aimed at achieving the main goal under the Strategy, i.e. to create an effective and fully diversified chemical holding company generating long-term positive value for shareholders. This goal will also be achieved by value building involving reorganisation of the asset portfolio and focusing on areas of key importance for the operations of the CIECH Group. 

Read more

CIECH Soda Romania forced to temporarily stop its production

The suspension of process steam supplies, due to the termination of the contract by its supplier, forced CIECH Soda Romania ("CSR") to temporarily stop its production. The company will use this forced outage to maintain its equipment. CIECH is ready to continue talks with the only available steam supplier, the CET Govora CHP plant (“CET”), however, in the face of the current disagreement as to the price of this raw material, it is conducting analyses of potential follow-up steps regarding the future of the plant. Further directional decisions related to this matter will be taken by the end of the year. The possible permanent discontinuation of production in Romania should not jeopardise the achievement of the CIECH Group (Adj.) EBITDA goal of more than PLN 900 million in 2021, as defined in the current strategy of the Group.

Read more

CIECH Group’s results for Q2 2019: PLN 945 M revenues and PLN 176 M adjusted EBITDA result

Higher prices of soda ash, the basic product of the CIECH Group, a strong position on the salt market and the development of specialised businesses, enabled the Group to generate in the second quarter the adjusted EBITDA result at the level of PLN 176 million with revenues at the level of PLN 945 million. The CIECH Group is implementing its strategy for 2019-2021, the purpose of which is to improve the adjusted EBITDA result to over PLN 900 million in 2021. Such value will be achieved primarily due to development investments implemented in key business areas, aimed at increasing the share of specialised products in the Group's portfolio, production and energy efficiency, as well as strengthening the Group’s position on the soda ash market.

Read more

CIECH Soda Romania is forced to start preparations for stopping production from 18 September 2019

CIECH commences preparations to halt production in its Romanian soda factory from September 18th 2019. The direct reason for this decision is the termination of the existing contract for the supply of technological steam with CET Govora, CIECH’s only available steam supplier in Romania. The new price proposed by the CET, which is 135% higher than it was in 2018, attenuates the profitability of CIECH Soda Romania’s business operations. Advanced analyses of available scenarios are underway, including the possibility of acquiring a new, cost-effective source of steam in cooperation with external partners. Further decisions in this regard will be made towards the end of the year. The possible hibernation of the plant in Romania is not expected to affect the adjusted EBITDA result of the CIECH Group at over PLN 900 million for 2021, as projected in the Group's current strategy.

Read more

CIECH launches a crowdsourcing project for engineers, scientists and institutions worldwide

CIECH Group, one of the largest chemical companies in CEE, launched its first crowdsourcing programme. Its purpose is to use the creativity of a wide range of scientists, engineers, institutions or enthusiasts, and working out effective solutions for two challenges in the area of circular economy. The first challenge is how to develop a product from post-soda lime, and the second one – to tackle heat recovery in the soda process. Innovative ideas and solutions to these tasks can be submitted through the global platform www.ennomotive.com, and the winners will receive big prizes - EUR 12,000 for each challenge. CIECH Group will be waiting for solution proposals until August 12th.

Read more

The CIECH Group will take advantage of the favourable situation in the soda market and will increase the efficiency of production in the soda business

In accordance with the provisions of the Group's strategy for 2019-2021, CIECH has started several initiatives aimed at increasing the efficiency of production in the soda business. This is the core business of the Group in terms of its contribution to revenues and EBITDA. Thanks to the investment which is just starting in the plant in Inowrocław, worth approximately PLN 40 million, the production capacity of the plant will increase by 50,000 tonnes of soda ash per year. At the same time, preparatory works for the implementation of strategic energy modernisation projects are underway at the soda plants in Inowrocław and Janikowo, the aim of which is to increase the efficiency of the local heat and power plants using gas as additional fuel, and their comprehensive modernisation. The result will be greater efficiency and liquidity in soda production, as well as optimisation of the Group’s exposure to CO2 emissions in the coming years.

Read more

The CIECH Group is launching a new production line for specialised sodium bicarbonate in Germany, used, among others, in dialysis

The new line for the production of sodium bicarbonate does not only increase the production capacity of the factory located in Stassfurt by more than 80 percent (50,000 tonnes per year), but it will also contribute to the expansion of the Group’s product portfolio by the most advanced and specialised variation of soda, used in the pharmaceutical industry and the treatment of kidney diseases. This is a very prospective market with above-average annual growth dynamics. Thanks to the completed investment worth over PLN 100 million, the CIECH Group will produce, jointly in its plants in Poland and Germany, approx. 200,000 tonnes of sodium bicarbonate a year.

Read more

The CIECH Group supplies soda to the new Euroglas glassworks in Ujazd, Poland, being a growing glass producer

In May, Euroglas officially launched a new float glass production line in Ujazd. The completion of the investment means a significant increase in the annual production of this plant, and thus - a corresponding increase in the supplies of soda ash from the CIECH plant in Inowrocław and Janikowo. The CIECH Group - the second soda manufacturer in Europe - serves flat and packaging glass manufacturers in Poland, providing them with soda ash, which - alongside immaculate sand - is a strategic raw material required for the production of high quality glass. In 2019-2020, the capacity of float glass production plants located in Poland will increase by approx. Forty-five percent in comparison with 2018, thanks to which our country will be the leader in terms of new investments in this sector.

Read more

The CIECH Group generated solid results in the first quarter thanks to the good situation in the soda market, integration with Proplan is now completed

In the first quarter, the CIECH Group began intensive implementation of the strategy for 2019-2021, assuming the establishment of an effective chemical holding. Despite the continuing demanding environment, revenues at the consolidated level amounted to PLN 953 million, and the EBITDA result (adjusted) was PLN 160 million. The Group took advantage of a better situation in the European soda ash market, and the results of the organic and silicate segments were influenced by the development activities carried out over the past year - including the takeover of the Spanish company, Proplan. The company continued key investments - the completion of the construction of a new line for the production of sodium bicarbonate at the Stassfurt factory and preparation for the construction of a new salt works in Germany. In each of the product areas, CIECH conducted activities aimed at widening its product portfolio and expanding to new markets.

Read more

Solid results and intensive development in a demanding market environment – CIECH Group has summarised 2018

CIECH Group, the second largest producer of sodium carbonate in Europe and the largest Polish manufacturer of crop protection products (PPPs) and evaporated salt, published its results for 2018. The Group's revenues amounted to PLN 3672.7 million, normalised EBITDA profit to PLN 633.5 million, and net profit to PLN 183.5 million. The costs of raw materials, energy, increase in prices of CO2 certificates, as well as downtimes, decreased the profitability of soda ash production, and the unfavourable weather conditions affected the results of the sale of crop protection products. To a certain extent, these factors were neutralised by higher prices: soda ash - on USD markets - and dry salt. The Group's net result was also affected by a provision of PLN 67.2 million, created in connection with the tax audit of the corporate income tax for 2012 . 

Read more

CIECH initiated a detailed review of changes to the corporate and organisational structure of the CIECH Group and changes to the asset structure of the Company.

On 19th March 2019, the Management Board of the Company adopted a resolution to initiate a detailed review of changes to the corporate and organisational structure of the CIECH Group and changes to the asset structure of the CIECH Group. As part of the review, the Company will carry out a detailed analysis of the corporate and organisational model of the CIECH Group, and possible measures aimed at its optimisation in order to adjust the CIECH Group's structure to the challenges arising from the Strategy. Measures considered may include, among others, transfer of individual assets within the Company's group, as well as acquisition and disinvestment of selected assets. The review of the options of changes in the asset structure will primarily concern the following companies: CIECH Pianki and CIECH Trading.

Read more

CIECH in the second round of the Issuer’s Golden Website [Złota Strona Emitenta] Competition

The Polish Association of Listed Companies [Stowarzyszenie Emitentów Giełdowych] has qualified CIECH S.A. to the second round of the Issuer’s Golden Website Competition in which the websites of listed companies are evaluated. The ri.ciechgroup.com portal has been nominated for the “Best IR Service” award in the “Large Companies” category. In the second round, the best three sites in each category will be selected. The competition jury consists of specialists in such areas as graphics, journalism, technology, economics and investor relations. This round will last until 26 April 2019.

Read more

Changes to the composition of the Supervisory Board of CIECH S.A.

The Extraordinary Meeting of the Company appointed Mr Marek Kośnik as a new member of the Supervisory Board of the Company. Mr Marek Kośnik works in a private equity fund CVC Capital Partners; as a Senior Managing Director with responsibility for assessing investment projects, supervising the portfolio and implementing digital strategies. He has gained experience in building company strategies, investment processes, restructuring and digital transformations.

Read more

The Supervisory Board has approved the CIECH Group Strategy for 2019 – 2021

The Strategy foresees the development of the CIECH Group towards a more effective and diversified chemical holding, generating a positive value for shareholders. This goal will be achieved by increasing competitive advantages in the key soda business, further investing in the development of specialist businesses and value creation through changes in the asset portfolio, based on the following three pillars: customer orientation, innovation and increased efficiency.

Read more

Supervisory Board of CIECH S.A. appointed Dawid Jakubowicz to the office of the President of the Management Board

On 5 December 2018, the Supervisory Board of CIECH S.A. appointed Dawid Jakubowicz to the office of the President of the Management Board. Mr Jakubowicz served as the acting President of the Management Board of the Company from September this year. Dawid Jakubowicz is a valued expert with international operational experience in building the value of companies from various sectors of the economy. Currently, apart from Dawid Jakubowicz, the following are members of the Management Board of the Company: Artur Osuchowski and Mirosław Skowron.

Read more

CIECH’s financial results for third quarter of 2018

Thanks to its global scope of operations, effective use of improved economic conditions in its core markets of activity and consistent efforts to extend its product offer the CIECH Group has managed to reduce the effects of such negative trends as persistently high coal prices or CO2 certificates. As a result, CIECH’s consolidated revenues in the third quarter increased to PLN 882,7 million (compared to last year’s figures), while the adjusted EBITDA amounted to PLN 131 million. CIECH has taken advantage of the current situation in the soda ash market, increasing its market presence in Southeast Asia. Operational integration is underway in the AGRO sector, with Proplan having being acquired last summer. This is accompanied by expansion into foreign markets, supported by intensive efforts to obtain new product registrations.

Read more

CIECH S.A. entered the FTSE Russell developed markets index

On Septmeber 24th 2018 the shares of CIECH S.A. were registered on the FTSE Russell developed markets indices. The Company was classified under the „small-cap” entities. This is an effect of the FTSE Russell’s decision to requalify Poland from “Emergin Markets, to “Developed Markets”.

Poland was reclassified as a Developed Market in the decision made by FTSE Russell on September 29th 2017, which was announced by the agency during the annual classification of nations on the basis of their status of development. As a result of upgraded classification, Poland now finds itself amongst the 25 most developed economies in the world, such as USA, Great Britain, Germany, France, Japan or Australia. Poland was the first country to be reclassified to the developed markets for a decade and it is also the first country from Central-Eastern Europe to achieve this feat.

Read more

Changes in CIECH S.A. Management Board

On 10 September, Mr Maciej Tybura submitted his resignation from the function of the President of the Management Board of CIECH due to personal reasons. Because of that decision, on Monday, 10 September, the Supervisory Board of CIECH delegated Mr Dawid Jakubowicz, Member of the Supervisory Board, to serve the function of the President of the Management Board of the Company. At the same time, the Management Board appointed Mr Mirosław Skowron a Member of the Management Board, who will be responsible for issues connected with production, power policy and traffic maintenance.

Read more

The results of the CIECH Group for the second quarter 2018: higher revenues and expansion to new markets

Increased presence in Asian markets, cost discipline in view of growing prices of energy materials and CO2 certificates, as well as development of the product portfolio helped the CIECH Group to gain revenues in the second quarter of 2018 at the level of PLN 933.5 million, which means the growth by 5.7% yoy. Adjusted EBITDA amounted to PLN 172.1 million, and net profit PLN 98.8 million. In the second quarter of the current year, the Group completed, among others, investments in an increase of the silicate production capacity (growth by 20 per cent), it commenced implementation of a project of construction of new saltworks in Germany and it conducted intensive work on the extension of its product portfolio (e.g. in the segment of salt and resins). In the AGRO business, the Group took over a Spanish supplier of crop protection chemicals operating in three continents – the Proplan company, which will help in the future to diversify the sources of revenues in this area.

Read more

CIECH finalised the take-over of 100% of shares in a Spanish company, Proplan

CIECH S.A. acquired 100 percent of shares in Proplan – a Spanish supplier of crop protection products operating on three continents. Thanks to this, CIECH has gained access to new sales markets in southern Europe, North Africa, South America and Australia and has acquired a portfolio of active substances and 120 product registrations. The value of the transaction was EUR 44.6 million. The acquisition of the Spanish supplier is an opportunity for a rapid development of the plant protection product business and diversification of the Group's operations. In 2017, Proplan generated EUR 16 million in revenue while maintaining high profitability.

Read more

CIECH Group will produce more glassy sodium silicate

At the CIECH Vitrosilicon plant, the production capacity of glassy sodium silicate has just been extended by more than 20 percent. Worth PLN 4 million, the project is yet another investment – after the replacement of the furnace in 2016 with one of the most modern furnaces in Europe - by CIECH Group to increase its capacity in this area. As a result of actions taken, CIECH has become one of the largest European producers of sodium silicates. This raw material is mainly used for the production of precipitated silica used in the rapidly growing tire industry, as well as in paper or detergents industries. As part of CIECH Group, glassy sodium silicate is also produced in the Romanian plant of CIECH Soda Romania.

Read more

General Meeting of CIECH SA: dividend of PLN 395.2 m to be distributed to shareholders

The General Meeting of CIECH SA passed a resolution on the distribution of dividend from the profit for 2017, in the amount of PLN 243.9 m, and transfer the amount of PLN 151.3 m from supplementary capitals created from profits from previous years, in order to distribute it to the shareholders of the Company. In total, PLN 395.2 m will be paid to investors, i.e. PLN 7.50 per share. Given the current price per share, the dividend rate amounts to 12 percent. The record date was scheduled for 2 July 2018, and the dividend payment date for 31 August 2018.

Read more

The CIECH Group achieved good financial results thanks to its foreign expansion and cost control

The CIECH Group - being determined in the implementation of a strategy of product portfolio development, international expansion and strict cost control - achieved sound financial results in the first quarter of 2018. Revenues amounted to 885.7 mln PLN, and adjusted EBITDA (adj.) amounted to 167.6 mln PLN. In the first quarter of the current year, foreign sales were developed intensely – in the soda segment CIECH took advantage of the stable demand in Europe and the good situation in Asian markets, and in the AGRO business, it started sales in new markets, e.g. in Australia and Canada. During the first months of 2018, the Group used the completed investments which contributed to the effectiveness of individual business lines, and continued the process of development of its product portfolio.

Read more

CIECH Group takes over a Spanish supplier of crop protection products operating on three continents

CIECH S.A. signed a contract worth EUR 33.5 M for the purchase of 75 % of shares in a Spanish company – Proplan. Thus, it gained control over the company having over 120 active registrations of crop protection products, present on three continents. The acquisition is an important step in strengthening CIECH's position on the global market of crop protection products (CPP) and an element of the Group's business diversification strategy. The global market for CPP is characterised by stable growth and high profitability. 

Read more

CIECH Group: one of the largest high-storage warehouses in the region is already operating in Janikowo

Automatic satellite trolleys, shelves with a height of a six-storey building and the storing capacity of 13,000 tons of salt products - one of the most modern, largest and most automated high-storage warehouses in Kujawy region of Poland is already operating in Janikowo. This is where salt products of the CIECH Group are stored – including, among others, food grade salt, industrial salt, fodder salt and salt tablets. The purpose of the investment, the total value of which amounted to PLN 18 M, was to improve the flow of deliveries and customer support, and to enable the CIECH's plant in Janikowo to gradually expand the range of its salt products.

Read more

Commencement of investment in a new salt works plant in Germany

CIECH Group will build a new salt production plant in Stassfurt, Germany, next to the soda plant owned by CIECH Soda Deutschland. According to the plans, production will be launched in 2020, and the new plant will produce approx. 450,000 tons of evaporated salt annually. It will be the second salt works plant operating within the CIECH Group - the first one is located in Janikowo, Kujawy Region in Poland (its production capacity is 550,000 tons per annum). In total, after launching the new production plant, CIECH Group will produce 1 million tonnes of evaporated salt annually, making it the third largest producer of evaporated salt in Europe. The value of the project for the construction of the new salt works is approx. EUR 110 million. The subsidy granted for CIECH Soda Deutschland’s venture by the regional authorities of Saxony-Anhalt on April 23rd amounting to EURO 11.25 million was an important element in the process of making the decision to initiate the investment. Provided that the necessary administrative permits are obtained, the construction of the salt works will commence in 2018.

Read more

CIECH Sarzyna: export of crop protection products increased by 70 percent in the last two years

CIECH Sarzyna, the largest Polish producer of crop protection products, has just started delivering its herbicides (synthesised in Poland on the basis of MCPA) – to Canada and Australia. The company also runs intensive commercial operations in Iran, and at the same time, strengthens its position on the existing export markets – in Germany, Ireland, Great Britain, Thailand, Spain, Belarus and the Baltic States. In 2015-2017, the value of CIECH Sarzyna's exports increased by 70 percent, and the company is currently selling its crop protection products to around 40 countries around the globe.

Read more

CIECH in the final stage of Polish Association of Listed Companies „Best IR website” contest

Polish Association of Listed Companies has qualified CIECH S.A. to the final stage of the 11th edition of the prestigious contest „Złota Strona Emitenta”, which rewards the best websites of the listed companies. Its website, ri.ciechgroup.com, has been recognised by the Polish Association of Listed Companies as one of the top three „Best IR website” in the „Large Companies” category (companies registered in the WIG20 and mWIG40 indices). In the final stage of the contest, “Best IR website” will be chosen by a jury consisting of renowned personalities of the capital market and most respected experts in areas such as graphics, marketing communications, journalism, economy and investor relations. The award ceremony will take place on June 6, 2018, during the 11th Investor Relations Congress, organized by Polish Association of Listed Companies.

Read more

Sound results of the CIECH Group in 2017

In 2017, the CIECH group, despite unfavourable market conditions - mainly high prices of raw materials and pressure from the competition - achieved good financial results. Consolidated revenues amounted to PLN 3,579.4 m, adjusted EBITDA to PLN 808.1 m, and net profit to PLN 394 m. These sound results are an effect of determined implementation of the strategy according to which CIECH worked last year on the extension of the portfolio of offered products, in particular specialized and high-margin products, such as soda bicarbonate characterized by pharmaceutical quality. These activities were supported by significant investments of CIECH in research and development which, in comparison with 2015, grew in 2017 more than tenfold. The Group also continued its foreign expansion which resulted in, inter alia, the growth in sales of soda ash in prospective markets of Asia and new markets for the AGRO business products.

Read more

CIECH qualified to the second stage of the prestigious Polish Association of Listed Companies contest „Best IR website”

Polish Association of Listed Companies has qualified CIECH S.A. to the second stage of the prestigious contest „Zlota Strona Emitenta XI”, which rewards the best websites of listed companies. Its website, ri.ciechgroup.com, was nominated to the „Best IR website” award in the „Large Companies” category. In the second stage of the contest, the jury will select the best three companies in this category. The jury will consist of renowed personalities of the capital market and most respected experts in areas such as graphics, journalism, technology, economy and investor relations.

Read more

Dates of submission of periodical reports in 2018

Dates of submission of periodical reports in 2018:

  • on 26 March 2018 - unit annual report for 2017 and consolidated annual report for 2017
  • on 29 May 2018 - a consolidated report for the first quarter of 2018, extended by the abbreviated consolidated unit statement
  • on 26 September 2018 - a consolidated report for the first semi-annual period of 2018, extended by the semi-annual abbreviated consolidated unit statement
  • on 26 November 2018 - consolidated report for the third quarter of 2018, extended by the abbreviated consolidated unit statement

Read more

Development of new products and foreign expansion are the priorities of CIECH Sarzyna for 2018

CIECH Sarzyna, the largest Polish producer of crop protection chemicals, presented its development plans for 2018. The foundations for the development of the AGRO business of the CIECH Group are also meant to be intensive research and development activities, extension of the product offer and progressing foreign expansion. CIECH Sarzyna will also continue to systematically develop its distribution and sales networks, and strengthen its conducted promotional activities, including loyalty programmes for points of sale and farms.

Read more

The CIECH Group develops its facilities and competence in the area of logistics

CIECH is implementing its development strategy whose purpose is building a diversified chemical group with a strong position in international markets. To that end, it also intends to improve the level of customer service, inter alia through the development of its facilities and competence in the area of logistics and transport. In 2018, CIECH intends to modernize the existing loading terminals, invest in new loading sites and continue the process of construction and automation of its warehouses. This will be to the benefit of not only the clients of the Group, but also the transport companies co-operating with CIECH.

Read more

CIECH is expanding its salt business

The Management Board of CIECH S.A. has decided to initiate the preparatory stage for the construction of a completely new evaporated salt production plant in Stassfurt, Germany. The planned location of the new factory is close to the existing soda plant of the Group. The final decision on the implementation of the investment will be made within the next few quarters and will depend on market conditions, ability to obtain relevant administrative decisions and public aid from the German federal and regional authorities. The value of the potential investment is approximately 100 million Euros. 

Read more

Another investment by CIECH in Germany – specialised dialysis soda in the portfolio

Work is now underway in Germany on one of CIECH Group's key investments. Modernisation and expansion of the sodium bicarbonate production lines will make it possible to expand the Group's portfolio with products like dialysis soda – the most specialised variety of soda, used in the treatment of kidney diseases. After modernisation of the plants, with the planned completion in 2019, CIECH Soda Deutschland (“CSD”) will be manufacturing several tens of thousands of tonnes of pharmaceutical-grade sodium bicarbonate annually. The total value of the investment is over PLN 100 mln.

Read more

CIECH Group is expanding its AGRO business with specialised fertilisers

CIECH Group, today, the largest Polish producer of plant protection products, has expanded its offer in the AGRO segment with a new category - professional specialised fertilisers. The company launched this category with the SARPLON(r) product line, intended for farmers seeking to intensify their production with the help of advanced production technologies. Entering into this new and fast-growing market is yet another element of implementation of the CIECH Group's strategy, the objectives of which involve, among others, product diversification within its operational segments and expansion of its product portfolio by introducing specialised and high-margin products.

Read more

CIECH Group results for Q2 2017: Higher y/y revenue; Increase in the product portfolio

In Q2 2017 the CIECH Group achieved very solid financial results. Owing to its strategy based on the development of the corporate product portfolio, the use of new production capacity and geographic expansion, the Group's revenue in Q2 2017 amounted to 883 million PLN (compared to 867 million a year ago), and its normalised (N) EBITDA – 192 million PLN (compared to 228 million a year ago). At the moment, the Group is implementing a number of investment projects focused on customer service excellence and the manufacturing of specialised products for the most promising market segments.

Read more

CIECH financial results for Q2 2017: higher revenues yoy, rising product portfolio

In Q2 2017 CIECH Group reached solid financial results. Thanks to implementing the strategy based on expanding product portfolio, using new capacities and geographical expansion, revenues in Q2 2017 was at the level of PLN 883 m (vs. PLN 867 m last year) and adjusted EBITDA – PLN 192 m (vs. PLN 228 m last year). Additionally, CIECH Group implementing a number of investment projects improving customer care and production of specialized products.

Read more

CIECH at this year WallStreet conference in Karpacz

We cordially invite you to the meeting with representatives of CIECH SA at the biggest individual investors conference in Poland - WallStreet 21 in Karpacz. Mirosław Wojtaszko - Head of the Finance Department and Joanna Siedlaczek - Management Board Representative for IR will represent the company during the following events:

• „Forum Akcjonariat” – on Friday, June 2nd 2017, 11:45 AM to 12:15 PM;

• „Targi Twoje Inwestycje” – on Friday, June 2nd 2017, 2:15 PM to 4:15 PM.

The 21st WallStreet conference will be held from June 2nd-4th in Hotel Gołębiewski in Karpacz.

Read more

CIECH in the final stage of SEG’s „Golden Website X” contest

CIECH, as one of the four Polish companies in the category of companies registered in the WIG20 and mWIG40 (Warsaw Stock Exchange indices), has been qualified to the final stage of the 10th edition of the prestigious „Golden Website” contest organized by the Polish Association of Listed Companies (SEG). The aim of the contest is to reward the best websites of the listed companies. In the final stage of the contest, the best websites from each category will be chosen by a jury consisting of renowned personalities of the capital market and most respected experts in areas such as graphics, marketing communications, journalism, economy and investor relations.

Read more

Strong results of the CIECH Group in 2016 owing to investments and strengthening its international position

In 2016, the CIECH Group generated favourable financial results. Revenue, operating profit and normalised EBITDA (N) increased as compared to 2015, reaching the amount of PLN 3,455 million, PLN 660 million and PLN 877 million respectively. The high profits are the result of the efforts of the CIECH Group’s employees and new investment projects completed in 2016. CIECH implements the strategy for building a diversified chemical group with a strong position in international markets.

Read more

CIECH qualified to the second stage of this year's Zlota Strona Emitenta

CIECH has qualified to the second stage of the prestigious contest organised by the Polish Association of Listed Companies – Zlota Strona Emitenta X, which rewards the best websites of listed companies. Its website, ri.ciechgroup.com, was nominated in the category of "Polish WIG20 and mWIG40 listed companies". 57 of the 889 companies listed on the Warsaw Stock Exchange qualified to the second stage of this contest.

Read more

Deciding on the submission of an offer in a potential transaction to acquire two companies from SAPEC Portugal

Read more

CIECH will be the first Polish company listed at the Warsaw and Frankfurt stock exchanges at the same time

The Management Board of CIECH S.A. took a decision on submission of an application for admission and introduction of the CIECH shares at the Stock Exchange in Frankfurt as part of the so-called “dual listing” process. This means that after a relevant decision of the Stock Exchange, CIECH, as the first Polish company, will be listed at the same time on two floors - in Warsaw and at the Europe’s third largest stock exchange – Börse Frankfurt.

Read more

Petition for declaration of bankruptcy of the main supplier of a subsidiary of the Issuer

CIECH Soda Romania S.A. in Romania has received information from S.C. CET Govora S.A. in Romania  regarding the submission by the CET company of a petition for declaration of arrangement bankruptcy of CET.

CET is the only supplier of technological steam to the CSR company. Technological steam is necessary for CSR to produce soda ash and liquid glass. The agreement for delivery of steam to CSR is performed by CET without any obstacles. At the same time, the CSR company will undertake, according to the Romania law, any activities aimed at the securing of its interests, in particular to secure steam supply.

Read more

CIECH Group results show a clear improvement, with an increase in revenues and margins in 2015.

In 2015, CIECH Group achieved very good financial results. Normalised EBITDA increased by almost 50% y/y and amounted to PLN 748 million. EBITDA margin (n) stood at the level of 22.9%, constituting an increase of 7.1 percentage points in comparison to 2014. Such good results are mostly the result of the implemented optimisation activities and the consistently pursued strategy based on organic growth. The Group has also enjoyed a positive market environment.

Read more

Do góry