08.07.2011

Poland To Sell 59% Of Police To Rival Tarnow

The Polish treasury will sell its majority stake in chemical maker Police to state-owned rival Tarnow, it said on Thursday, as the government consolidates the sector ahead of full privatization. Tarnow offered 11.5 zlotys per share for the treasury's 59.4% in Police. more27.04.2011

Germany Opens To Newer EU Workers, Impact Seen Limited

  Germany's opening of its doors next month to a potential influx of hundreds of thousands of workers from newer EU states is unlikely to have much impact on growth or wages except for the lowest earners. Germany, like neighboring Austria, had opted to protect its job market as long as the European Union allowed, and the two countries will be the last to grant unrestricted entry to workers from newer EU members in Europe's east. more18.04.2011

PGNiG to Get $54 Million for Tarnow Stake

Investors have bid 37 zlotys per share for Polish gas monopoly PGNiG's 10% stake in fertilizer producer Azoty Tarnow, four market sources close to the transaction told Reuters on Friday. The price values the stake at 148 million zlotys ($54 million) and the entire company at 1.45 billion. Tarnow shares pared some of their earlier losses and traded 2% down from Thursday's close at 37.99 zlotys, while PGNiG shares were up 0.3% to 3.78 zlotys. PGNiG was not immediately available for comment. more01.02.2011

Chemical Maker Police to Offer Shares to PGNiG

The Polish chemical maker Police will offer shares to settle unpaid bills from PGNiG, the country's gas monopoly, Police's new chief executive was quoted as saying on Tuesday. "I will talk to PGNiG about obtaining Police shares in return for liabilities," business daily Parkiet quoted Krzysztof Jalosinski as saying. "This can also be a way of gaining an investor." The paper estimated Police's unpaid gas bills at around 100 million zlotys ($35 million). PGNiG declined to comment. more27.05.2010

Using Ingenuity

Global Player - Dow Corning's chairman, president and CEO, Dr. Stephanie Burns, has become something of a regular in Washington, D.C., where she works together with the nation's leaders on ideas to encourage innovation and to create more jobs in the chemical industry. But her efforts don't stop at the U.S. border; Dow Corning is internationally active, and Burns says she believes governments all over the world play an important role in helping accelerate emerging technologies, particularly in the area of alternative energy. more23.03.2010

Poland Extends Deadline for Sale of Chemical Firms

Poland agreed to give German chemical group PCC three more weeks to negotiate the purchase of state stakes in chemical producers Tarnow and ZAK, the treasury ministry said on Tuesday. Poland, which is seeking to raise at least 25 billion zlotys ($8.7 billion) from the sale of state assets this year, wants to sell 53% of Tarnow, valued at $123 million by the market, and 86%of unlisted ZAK. more