Company Overview of ZACHEM S.A.
ZACHEM S.A. produces organic and inorganic chemical products, and intermediate products for chemical, cable, and power industries in Poland and internationally. Its products include toluene-diisocyanate, epichlorohydrin, allyl chloride, dinitrotoluene, flexible polyurethane foams, and PVC-compounds, as well as inorganic products, such as hydrochloric acid, sodium hydroxide, and sodium hypochlorite. The company was founded in 1989 and is based in Bydgoszcz, Poland. As of November 30, 2006, ZACHEM S.A. operates as a subsidiary of Ciech SA.
ul. Wojska Polskiego 65
Founded in 1989
Key Executives for ZACHEM S.A.
President of the Management Board and General Director
Head of Management Department
Technical & Development Director
Compensation as of Fiscal Year 2014.
ZACHEM S.A. Key Developments
Air Products Files Lawsuit Against Zachem
Jan 9 13
Air Products has filed a lawsuit against Zachem with the arbitration court in London. The US company accused former unit of Ciech of illegal and groundless withdrawal from a USD 500 million contract for amine deliveries. Air Products claims USD 98.61 million. Ciech rejects the claims, saying that Zachem cancelled the agreement correctly and effectively. Moreover, the Polish chemical maker says that the contract was cancelled after the US giant had breached it and that it is Zachem that should demand compensation. Ciech says that Air Products violated the deal by halting production in Pasadena and ceding its financial obligations to Zachem's rival - Bayer. The case was proceeded last year by the Bydgoszcz-based court, which rejected the lawsuit. Ciech sold Zachem in October last year to BASF and the transaction should be completed before the end of March.
Zachem Halts TDI Production at its Bydgoszcz Facility
Jan 9 13
ZACHEM S.A. has stopped producing toluene di-isocyanate (TDI) at its facility at Bydgoszcz, Poland and is no longer active in the European TDI market. The 75,000 tonne/year TDI unit in Poland ceased production in the second half of December 2012. The plant closure is thought to have resulted from the recently announced deal between Ciech for the sale of Zachem's TDI business to TDI producer BASF.
ZACHEM S.A. Begins Massive Layoffs, Unions Agree Not to Strike
Dec 31 12
ZACHEM S.A. has begun its redundancy programme as the first employees started receiving their severance packages. By the end of the year, the company plans to sack up to 600 of its 700 workers, which in practice means the end of operation for the once largest employer in Bydgoszcz, gazeta.pl news portal writes. Following negotiations with trade unions, Zachem's managing board agreed to pay PLN 50,000 to every employee who settled his or her redundancy by the end of December.
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