Just Published: "Poland Petrochemicals Report Q4 2014"

The Polish petrochemicals industry continues to face a challenging domestic market and a slow recovery in external markets, which have combined to depress output growth of basic polymers, according to BMI's latest Poland Petrochemicals Report.

The overall trend is downward across the range of major polymers. In H114, overall plastics output was down 0.2% year-on-year (y-o-y) to 1.35mn tonnes. While polyethylene was up 0.3% to 179,000 tonnes, there were significant declines in other major basic polymers. PVC was down 4.7% to 142,000 tonnes, synthetic rubber was down 4.9% to 92,800 tonnes and polypropylene was down 15.1% to 111,000 tonnes.

PKN Orlen has announced plans to invest PLN10.8bn (USD3.51bn) on development projects between 2014 and 2017, focusing on the downstream segment, which will account for 59.3% of total expenses. According to a company note, the projects will include improvement of refinery yields, extension of the value chain in petrochemicals (polyethylene, metathesis) and industrial cogeneration in power generation (Wloclawek and Plock CCGT units). As a marginal business, PKN Orlen's upstream segment will see an investment of PLN3.2bn (USD1.04bn) and account for 29.6% of expenses.

Full Report Details at
- http://www.fastmr.com/prod/872674_poland_petrochemicals_report_q4_2014.aspx?afid=301

Over the last quarter, BMI has revised the following forecasts/views:

* The most significant petrochemicals-consuming industry is the automotive sector, which exports 90% of its output. On the back of the improvements in the European market, pent-up demand from several years of sustained declines in output and low base effects from 2013, BMI forecasts a 4% increase in passenger car production in Poland in 2014. This is a downward revision from the 6.6% growth forecast in the previous quarter, indicating only a modest boost to the consumption of engineering plastics in the PP segment, polyurethane used in car seating and synthetic rubber for tyres.
* The market for construction materials, particularly in the PVC segment, Poland's construction sector is expected to...

The Poland Petrochemicals Report has been researched at source, and features Business Monitor International (BMI)'s market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.

BMI's Poland Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Polish petrochemicals industry.

Key Benefits

* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Polish petrochemicals market.

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