Sector News

Unipetrol acquires Spolana

June 14, 2016
Energy & Chemical Value Chain

​The company UNIPETROL RPA, s. r. o. concluded a share purchase contract with the company ANWIL S.A., under which it will acquire a 100% shareholding in the company SPOLANA a.s..

The transaction supports overall Unipetrol’s reorganization of activities, which were triggered by taking full control over the refining assets in the Czech Republic. Acquisition of Spolana will enable the Unipetrol Group to better plan and optimise the production function, prepare for planned commissioning of the PE3 installation in the future and to make it more resilient to the external conditions. The purchase price of this shareholding is 1 million EUR.

Unipetrol Group consolidation project aiming at optimization of the capital group structure has already included the companies like Benzina and Polymer Institute Brno. The main company of the Group remains Unipetrol RPA. The project is in line with the Unipetrol Group strategy and its goal is to better adjust the Company to function in a highly demanding and very competitive market and open it to new business challenges.

“We see the acquisition of the Spolana company as a very important step for further improvement of management and coordination of our value chain, namely with regard to the utilisation of the steam cracker,“ said Marek Świtajewski, CEO of Unipetrol. “Takeover of Spolana opens up additional possibilities to further strengthen and integrate Unipetrol’s position in the Czech Republic,“ added Marek Świtajewski. Both companies are connected with the Litvínov – Neratovice piping system for product deliveries. Spolana is a major consumer of ethylene, as well as also purchasing ammonia and sulphur from Unipetrol RPA.

Spolana is a chemical company headquartered in Neratovice in the Czech Republic. It was founded in 1992. Spolana’s main activity is the production and sale of chemical products such as PVC, caprolactam, industrial fertilisers, inorganic compounds and other chemicals. The company‘s primary focus is the export of its products, with exports accounting for more than 80% of its production. Spolana currently employs approximately 700 people.

Source: Unipetrol

comments closed

Related News

July 14, 2024

Europe ethylene spot prices turn firmer on demand, feedstock, looming cracker turnarounds

Energy & Chemical Value Chain

European ethylene spot prices have firmed week on week on the back of better-than-expected demand amid higher feedstock values and an increasing focus on upcoming planned cracker maintenance outages. Spot deals this week have been reported at discounts of 32-35% on the pipeline, prior deals had been at discounts of around 38-39%.

July 14, 2024

Marcel Imwinkelried appointed new Siegfried CEO

Energy & Chemical Value Chain

He will succeed Reto Suter, who has led the Siegfried Group as CEO ad interim since the departure of Wolfgang Wienand on May 1, 2024. Suter will now focus on his role as Chief Financial Officer for Siegfried. Wienand will become CEO of Swiss competitor Lonza.

July 14, 2024

Honeywell acquires Air Products’ LNG technology, business for $1.8B

Energy & Chemical Value Chain

Honeywell Inc. (Charlotte, North Carolina) has reached agreement to acquire Air Products’ (Leigh Valley, Pennsylvania) liquefied natural gas process technology and equipment business for $1.81 billion. The deal is expected to close before the end of the year. The price represents a multiple of 13 times the unit’s estimated 2024 EBITDA.

How can we help you?

We're easy to reach