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Czech Unipetrol announces acquisition of Spolana

by ChemOrbis Editorial Team -
  • 15/06/2016 (17:09)
According to a press release on the company’s website, the Czech Republic’s Unipetrol signed a deal with Poland’s Anwil for the acquisition of Spolana. The transaction value was reported at €1 million ($1.12 million).

The company reported that the acquisition of Spolana will open additional possibilities to further strengthen and integrate the company’s position in the Czech Republic and it will also help Unipetrol optimize its production and commissioning of its new polyethylene (PE) project, PE3.

Unipetrol recently broke ground for a new greenfield PE production unit (PE3) at its Chempark Zaluzi petrochemical complex in Litvinov, Czech Republic. The new unit is scheduled to be launched in the second half of 2018.
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