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Wanhua Interests in Acquiring the Ciech TDI Factory

It is said that the Chinese chemical giant Wanhua showed interest in acquiring Polish Ciech TDI factory (Zachem subsidiary). The plant recently received the Wanhua inquiry, but the specific details are not convenient to disclose.
Insiders said Wanhua spent $ 1.6 billion on acquisition of the Bosu last year, if it wants to continue its expansion to the Central and Eastern European, acquiring Ciech TDI plant may be the last chance.
But analysts also pointed out that the Wanhua has spend 140 million euros on new TDI device, and the Zachem’s TDI devices are olde; besides, Zachem has many liabilities.

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