July 23, 2014 11:17 AM ET

Chemicals

Company Overview of ZACHEM S.A.

Company Overview

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

Bydgoszcz,  85-825

Poland

Founded in 1989

Phone:

48 52 374 7100

Fax:

48 52 361 0282

Key Executives for ZACHEM S.A.

President of the Management Board and General Director
Head of Management Department
Chief Accountant
Technical & Development Director
Production Director
Compensation as of Fiscal Year 2014.

ZACHEM S.A. Key Developments

Air Products Files Lawsuit Against Zachem

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

ZACHEM S.A. has stopped producing toluene di-isocyanate (TDI) at its facility at Bydgoszcz, Poland and is no longer active in the European TDI market.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

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.

Similar Private Companies By Industry

Company Name Region
SILEKOL Ltd. Europe
GEKOPLAST S.A. Europe
Etylobenzen Plock Sp.o.o. Europe
Orion Sp. z o.o. Europe
Conbelts Bytom S.A. Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact ZACHEM S.A., please visit www.zachem.com.pl. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.