Poland - Factors to Watch on March 13

Onesano SA

13/03/2014 07:05

Here are news stories, press reports and events to watch which 
may affect Poland's financial markets on Thursday. ALL TIMES GMT 
(Poland: GMT + 1 hour): 
         
    TIRE FACTORY 
    Korean tire producer Nexen Tire mulls the construction of  a 
new factory in the city of Ujezd in the Lower Silesia region. 
The investment may be worth 1.5 billion zlotys ($493.32 million) 
and could create 2000 jobs, Puls Biznesu daily reported citing a 
source close to the investment.  
    The investor is also considering to locate this factory in 
the Czech Republic and is to take a decision by the end of 
March. 
 
    PKN ORLEN  PKN.WA  
    Poland's largest oil refiner PKN Orlen may make further 
acquisitions of exploration and extraction companies in 2014, 
most likely in the U.S., Dziennik Gazeta Prawna reported. 
    The chief executive of Orlen Upstream, Wieslaw Prugar, said 
that Orlen in analysing five such projects, adding that the 
company did not plan to buy any more drilling concessions in 
Poland. 
 
    GRUPA AZOTY  ATTP.WA  
    Zaklady Azotowe Kedzierzyn, a subsidiary of Poland's top 
chemical company Grupa Azoty, plans to construct a small power 
plant with Skotan  SKTP.WA  worth about 60 million zlotys, 
Parkiet daily reported. The plant would produce electricity by 
burning waste gases at the Kedzierzyn plant. 
     
    BUDIMEX  BDXP.WA  
    Poland's largest builder Budimex plans to pay out a dividend 
of 302.5 million zlotys ($99.49 million), or 11.85 zlotys per 
share, from its 2013 profit, the company said in a regulatory 
filing on Wednesday. Last year, Budimex paid out a dividend of 
112 million zlotys. 
     
    WIELTON  WLTP.WA  
    Semi-trailer producer Wielton, whose shares fell about a 
third on worries over the impact of the Ukrainian crisis on its 
sales, said the conflict east of Poland's borders did not have a 
significant impact on its results, Wielton's chief executive 
Andrzej Szczepek told Parkiet daily. 
     
    JSW 
    Management at Poland's JSW JSW.WA, the European Union's 
largest coking coal producer, said on Wednesday it would 
recommend no dividend payout from its 2013 
profit. ID:nW8N0LT01T  
     
    EU-UKRAINE 
    The European Union will probably sign the political part of 
its association agreement with Ukraine next week, Polish Prime 
Minister Donald Tusk said. ID:nW8N0LT01D  
               
    For other related news, double click on: 
 Polish equities        PL-E      E.Europe equities      .CEE  
 Polish money           PL-M      Polish debt            PL-D   
 Eastern Europe         EEU       All emerging markets   EMRG  
 Hot stocks             HOT       Stock markets          STX  
 Market debt news       DBT       Forex news             FRX  
  
 For real-time index quotes, double click on: 
 Warsaw WIG20  .WIG20   Budapest BUX  .BUX   Prague PX  .PX  
($1 = 3.0406 Polish zlotys) 
 
 
Keywords: POLAND FACTORS/