CIECH Group Overview
Company Headquarters: Warsaw, Poland
Founded: 1945
Workforce: ~3,000+
Company Working: Ciech group is a manufacturer and distributor of soda ash, glass, and chemical-based products. The four segments of the company are based on product type and function. The majority of revenue is generated by the Soda division, which sells soda ash used in the production of glass, detergents and chemicals. Agro Section manufactures crop protection products for agricultural use. Epoxy resins and polyester resins are produced by the resins section. The Foams Segment manufactures polyurethane foams, which are mostly utilized in the furniture industry for upholstered furniture and mattresses. The Silicates Segment produces sodium and potassium silicates. The packaging division produces glass packaging lanterns and jars for use in the food industry as well as headstone lamps. CIECH manufactures sodium bicarbonate under the SOBIC brand in factories in Germany and Poland. CIECH is one of the major manufacturers in the European Union, with a total manufacturing capacity of around 200 thousand tonnes per year. The Group's sodium bicarbonate has a wide range of applications, including the food sector (SOBIC Food), pharmaceutical and cosmetics industries (SOBIC Health Care), feed (SOBIC Feed), chemical (SOBIC Tec), and energy industries (flue gas purification).
Strategy
CIECH Group's objective is to continue establishing a contemporary and competitive chemical business with global reach. According to the corporation, the foundations laid in recent years enable them to boost efficiency, strengthen organizational culture, increase innovation in Group activities, and maximize the impact of possible acquisitions. Regardless of the challenges mentioned in the newest plan, the Company's goal is to consistently create dividends for shareholders, whether they develop organically or through Merger & Acquisition.
