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Intellinews - Polish Chemical Sector Report - 2012
Emerging Markets Direct, June 2012, Pages: 17
The IntelliNews Polish Chemical Report offers an extensive summary of the most recent topics related to the Polish chemical market, segmented into heavy chemicals, rubber and cosmetics. It includes a complete coverage of the latest market developments and news, accompanied by thorough statistics and comments. The report pays particular attention to new development projects and investment inflows in the sector. This sector report is ideal to keep you abreast on recent company and industry news. Written by local professionals, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions.
Poland’s production, domestic sales and foreign trade with chemical products all reported y/y growth in 2011. The performance of exports particularly was even above pre-crisis levels, statistical data show. Exports of chemical products last year increased by 19.1% y/y and by 34.6% compared to 2008, to over EUR 18.7bn. Exports further inched up by 5.1% y/y to nearly EUR 4.7bn in Q1/2012, yet slowing down from the 9.6% y/y in the previous quarter.
Chemical products output remained strong in 2011, after the recovery in 2010, driven by the good performance of plastics and fertilizers segments. Production of nitrogenous fertilizers advanced by 7.6% y/y to 1.8mn tonnes in 2011 and further by 12.9% y/y in Jan-Apr 2012.
The sold production of rubber and plastic products increased by 12.8% y/y to PLN 60.5bn (EUR 14.7bn) in 2011. Nonetheless, rubber product manufacturers express rather pessimistic expectations for 2012, as external demand for tyres has witnessed continuous decline this year and already forced local manufacturers to cut down production volumes.
Even so, the overall positive performance of the Polish chemical sector in Jan-Apr 2012 was above the EU average, where production contracted by 2% y/y in Q1/2012. EU chemical production slowed down in the past two quarters, in line with sluggish industrial activity in the region.
The prospects for the chemical sector remain optimistic for 2012, yet the performance of the sector remains linked to the overall evolution of the country’s economy and the global economic environment. One of the major drawbacks for the industry players is related to increasing energy prices, considering that gas accounts for up to 60% of costs of chemical producers. In order to alleviate the gas price hike, the government encouraged chemical companies to involve in shale gas exploration. The gas price hike will obviously dent into manufacturers’ profits, yet companies are expected to remain competitive as long as they do not pay a premium compared to neighbouring countries.
The financial results of major players paralleled the cheering performance of the chemicals sector in 2011. Particularly, the weakening of the local currency against EUR in Q4 boosted revenues of chemical exporters. The sale revenues of companies manufacturing chemical products increased by 18.2% y/y to PLN 51.3bn (EUR 12.5bn) in 2011 and further by 18.5% y/y to PLN 14.1bn in Q1/2012.
Chemical sector reports cheering performance in 2011, prospects for 2012 remain optimistic
Chemical companies report boosting revenues, higher profits in 2011
Exports of chemical products increase 19.1% y/y to EUR 18.7bn in 2011
..and further advance 5.1% y/y to EUR 4.7bn in Q1/2012
Chemicals output remains strong in 2011, driven by fertilizers, plastics segments
Government endorses privatization plan for 2012-2013
M&A in chemical sector expected to gain momentum in 2012
Production of fertilizers reports positive y/y performance in volume terms in 2011
… and mixed performance in Jan-Apr 2011
ZA Pulawy’s net profit surges 23.7% y/y in quarter ending Mar 2012
Blue-chip chemical firm Synthos announces tender for acquisition of ZA Pulawy
Russian Acron bids to take over ZA Tarnow
ZCh Police’s net profit lowers 26.5% y/y in Q1/2012
ZAK earmarks PLN 116mn for investments in 2012
PCC Rokita takes EUR 9mn loan for project financing
Ciech mulls selling TDI business, aims at improving group efficiency
AGM of blue-chip chemical firm Synthos doubles dividend
Sold production of rubber and plastic products increases 12.8% y/y to PLN 60.5bn in 2011
Plastics processors set up energy buying group
Tyre maker Debica pays PLN 45.4mn dividends from 2011 profit
Indian tyre maker Apollo mulls building plant in Poland
PVC producer Ergis reports marginal 1.4% y/y sales revenue increase in Q1/2012
Poland is attractive location for pharmaceutical contract manufacturing, API sourcing – study
API producer Polpharma takes over drug maker Polfa
Cosmetics producer Miraculum acquires Multicolor make-up brands
Unilever, Essel Propack to expand production facilities in Poland
Cosmetics, chemicals distributor Delko reports 13.5% y/y sales advance in 2011
Table 1 Chemical industry products - Foreign trade 2009-2011 (annual, EUR mn)
Table 2 Chemical industry products - Foreign trade 2011-2012 (quarterly, y/y)
Table 3 Chemical products output in Jan-Apr 2012 (thou tonnes)
Table 4 Chemical companies to be privatised in 2012-2013
Table 5 Major M&A deals in chemical sector in 2011-2012
Table 6 Chemical products - Sold production in 2011 (PLN mn)
Table 7 Chemical industry shares (%, 2005 prices)
Table 8 Chemical industry average annual growth (PLN bn, 2005 prices)
Table 9 Financial results of chemical companies in 2010-2012 (PLN bn)
Table 10 Chemical sector share of GDP in 2008-2011
Table 11 Chemical producers - Selective quarterly financials in 2010 - 2012 (consolidated, PLN mn)
Table 12 Major chemical producers - Selective annual financials in 2008-2011 (consolidated, PLN mn)
Figure 1 Net sales revenues of chemical companies in 2010-2011 (annual, PLN bn)
Figure 2 Major chemical producers - Sales revenues in 2009-2011 (annual, consolidated, PLN mn)
Figure 3 Chemical industry products - Foreign trade 2009-2011 (annual, EUR bn)
Figure 4 Exports of chemical products in Q1/2012 - Market segmentation (EUR mn)
Figure 5 Production of chemical fertilizers 2010- 2011 (annual, thou tonnes)
Figure 6 ZA Pulawy – Quarterly sales revenues in 2010-2012 (PLN mn)
Figure 7 ZA Tarnow - Quarterly sales revenues in 2010-2012 (PLN mn)
Figure 8 ZCh Police - Quarterly sales revenues in 2010-2012 (PLN mn)
Figure 9 Ciech - Quarterly sales revenues in 2010-2012 (PLN mn)
Figure 10 Synthos - Quarterly sales revenues in 2010-2012 (PLN mn)
Figure 11 Rubber and plastic products - Sold production in 2011-2012 (monthly, PLN mn)
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