Holding
The rapidly growing “PCC Consumer Products” subgroup is further expanded through the addition of further affiliates and start-ups. The subgroup now has production and sales locations in Poland and Belarus, with a trading company in Russia.
Chemicals
PCC Exol SA is nominated for the “European Small and Mid-Cap Awards” in the “Most Innovative Newcomer” category. The Polish subsidiary, of which the shares were successfully floated on the Warsaw Stock Exchange in 2012, qualifies for the competition final.
Logistics
PCC Intermodal SA starts work on expanding its combined transport terminals in Kutno and Brzeg Dolny. The Kutno terminal will have its handling capacity more than doubled from 100,000 TEU to 250,000 TEU per year with the addition of two new rail tracks and the purchase of two gantry cranes. The expansion project is expected to be completed by the first quarter of 2015.
Energy
PCC’s Macedonian project company, PCC HYDRO DOOEL Skopje, completes the small hydropower plant in Gradečka, around 90 kilometers east of the country’s capital, Skopje. In addition to the Gradečka facility, PCC is developing four further small hydropower plants in Macedonia, of which three are to be connected to the grid in 2014. With an output of around 4.1 MW, these hydroelectric power plants avoid emissions amounting to around 15,000 metric tons of CO2 per year.
The UN climate protection authority UNFCCC officially registers the first four small hydropower plants built by PCC in Macedonia as climate-protection projects compliant with the requirements of the Kyoto Protocol.
Projects
Preparations for the construction of a plant for the manufacture of high-purity monochloroacetic acid (MCAA) start on the factory site of PCC Rokita SA in Brzeg Dolny; planned capacity: 42,000 metric tons per year.
Holding
PCC SE sells 24.5 million of its shares (8.26 % of the voting rights) in the surfactant manufacturer PCC Exol SA to an international investment fund. Following this transaction, PCC SE still holds 88.12 % of the voting rights, and thus significant majority control over this affiliate. The sale proceeds per share amount to 2.3 times the book value. With this transaction, PCC SE is consistently continuing its strategy of creating corporate values and, given the opportunity, selling them in whole or in part in a timely manner.
