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ISI Research Reports14 page (6718 word) report
published Apr 01, 2008
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According to the Central Statistical Office (GUS), in March sentiment was the highest in the rubber and plastics sector (34 pts, up 2 pts m/m) and chemicals (33 pts, down 4 pts). The prospects for chemical companies look promising due to a growing demand for their products. In Q1-Q3/2007 chemical sector sales revenue amounted to PLN 39.5bn, up by PLN 2bn compared to the same period in 2006. Datamonitor forecasts that value of Polish chemical market is to reach USD 27.7bn in 2011, an increase of 7.6% since 2006. The compound annual growth rate of the market in 2006-2011 is predicted to be 1.5%. This year is to see privatization of two major, state-owned companies: ZA Tarnow and ZA Kedzierzyn. The first one is to be floated on the Warsaw Stock Exchange in June. The other is likely to hold its IPO by the year-end. The proceeds are to be allocated for companies' restructuring and takeovers. Tyre market will also grow healthy this year. Sales of tyres are to go up by 8% y/y to 13.5mn units. Leading market player, Goodyear wants to increase its stake in TC Debica to 100% within the next 16 months.
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| Source: | IntelliNews
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| Document ID: | PL-ChemApr1
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| Country: | Poland
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| Free Sample: |
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| Format: | | PDF |  |
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Insight and analysis from ISI own on-the-ground analysts in the emerging markets, who combine original research with data from our proprietary industry databases.
