By Jaroslaw Adamowski
Brzeg Dolny, Poland — Polish polyol manufacturer PCC Rokita has acquired an investment loan of PLN 77.5m (EUR18.02m) from local bank Bank Gospodarstwa Krajowego.
The funds will be used to increase the company’s output capacity of PU systems, polyols and modernise its laboratories, PCC Rokita said in a filing to the Warsaw Stock Exchange.
The funding agreement follows the firm’s announcement of expansion to meet insulation markets, as UTECH-polyurethane reported previously.
PCC Rokita’s long-term strategy foresees an increase in its export sales to a number of foreign markets, as the firm’s director of poyols Sergiusz Stefanowski told UTECH-polyurethane in an exclusive interview earlier this year.
These include both EU member states, such as Germany and Italy, and other destinations, such as Turkey and South-East Asia, according to senior company representatives.
Bank Gospodarstwa Krajowego is owned by the Polish Treasury.
XE conversion date: 5 October, 2016