 "Unipetrol's petrochemical facility")
Unipetrol RPA, the Czech Republic based petrochemical company, has acquired Spolana, which manufactures chemical products such as PVC, caprolactam, industrial fertilisers, inorganic compounds, etc, for Euro 1 million.
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.
Unipetrol Group consolidation project aiming at optimisation 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. Takeover of Spolana opens up additional possibilities to further strengthen and integrate Unipetrol’s position in the Czech Republic,” said Marek Switajewski, CEO of Unipetrol.
Both companies are connected with the Litvinov-Neratovice piping system for product deliveries. Spolana is a major consumer of ethylene, as well as also purchases ammonia and sulphur from Unipetrol RPA.
