PCC SE

Last updated

PCC SE
Company type Societas Europaea
Industry Chemicals, silicon, logistics,
FoundedOctober 1993;30 years ago (October 1993) in Duisburg, Germany
Founder Waldemar Preussner
Headquarters Duisburg-Homberg, Germany
Key people
Dr. Peter Wenzel
(CEO/Chairman of the Executive Board)
Ulrike Warnecke
(Executive Board Member)
Dr. rer. oec. (BY) Alfred Pelzer
(Executive Board Member)
Waldemar Preussner
(Chairman of the Supervisory Board)
ProductsChemicals, polyols, surfactants, chlorine, MCAA, silicon, specialty chemicals including phosphorus derivatives and alkylphenols, consumer products, raw materials, quartzite, logistics and intermodal transport
RevenueIncrease2.svg €1.3 billion (2022) [1]
Increase2.svg €217.3 million (2022) [1]
Increase2.svg €143.9 million (2022) [1]
Number of employees
3,391 (31 December 2022) [1]
Website www.pcc.eu

PCC SE is an international chemicals and logistics corporation. [2] Headquartered in Duisburg, Germany, the PCC Group has more than 3,300 employees worldwide. It comprises some 70 subsidiaries located at 39 sites in 17 countries, with production facilities in Europe, Asia and the United States. [3] The sole shareholder of the group´s parent and holding company PCC SE is Waldemar Preussner, chairman of the supervisory board.

Contents

History

In October 1993, Waldemar Preussner and partners established Petro Carbo Chem Rohstoffhandelsgesellschaft mbH (today PCC Trade & Services GmbH), a commodity trading company, in Duisburg. In 1998, PCC AG was formed as a spin-off and in February 2007, converted into a Societas Europaea (SE). [4] In 1998, PCC SE was one of the first medium-sized German companies to start issuing bonds directly, independently of banks. Since then, corporate bonds have formed the main financing instrument of the group holding company. [3] [5]

The PCC group has expanded and diversified through acquisitions and project investments. [4] [6] Particularly in Poland and elsewhere in Central and Eastern Europe, PCC acquired various previously state-owned companies, which it then modernized and expanded. In 2010, PCC completed the takeover of a Polish chemicals producer, known today as PCC Rokita SA, the largest group subsidiary. [4]

PCC SE has placed minority stakes of two Polish chemical companies on the Warsaw Stock Exchange, PCC Rokita SA (initial public offering in 2014) and PCC Exol SA (2012). [4] [7] [8] Logistics company PCC Intermodal S.A. (IPO in 2009) was delisted from the Warsaw Stock Exchange in 2018. [9] [10] As a major divestiture, in 2009, PCC sold its Polish subgroup PCC Logistics to Deutsche Bahn AG (today DB Cargo Polska). [11]

Investments further afield include US specialty surfactants developer PCC Chemax, Inc. [12] Activities are also being pursued in Asia through the acquisition of a total of 50% of Thai polyols and polyurethane producer IRPC Polyol Company Ltd. [13] In Iceland, PCC commissioned, in 2018, a silicon metal production plant at a cost of around US$300 million powered by geothermal energy. [3] [4] [14]

In 2022, PCC generated consolidated revenue of €1,324.7 million. Earnings before interest and other financial items, taxes, depreciation and amortization (EBITDA) amounted to €292.0 million, and earnings before taxes (EBT) were €192.6 million. [1]

Segments

The group annual report for 2022 lists 52 material portfolio companies as affiliated entities of PCC SE, allocated to the seven segments: Polyols & Derivatives, Surfactants & Derivatives, Chlorine & Derivatives, Silicon & Derivatives, Trading & Services, Logistics, and Holding & Projects. [3]

Chemical segments

The group´s main revenue generator are the three Chemicals segments Polyols & Dervatives, Surfactants & Derivatives and Chlorine & Derivatives. [3] Its production activities are located primarily in Poland. The largest company is PCC Rokita SA, headquartered in Brzeg Dolny. Among its products are polyether polyols, a feedstock used in the manufacture of PU foams for items such as mattresses. [15] It is also a chlorine producer. PCC Exol SA, Brzeg Dolny, is a Polish manufacturer of surfactants. [16]

Silicon & Derivatives segment

In the Silicon & Derivatives segment, PCC operates a silicon metal production facility in Húsavík, Iceland, which is powered by 100% electricity from renewable energy sources. The plant obtains the quartzite raw material from the PCC quarry in Poland. [3]

Logistics segment

The Logistics segment is dominated by PCC Intermodal S.A., a combined road and rail logistics services provider in Eastern Europe with five wholly owned container transshipment terminals in Poland and Germany. The company operates container block train services between the Polish inland terminals of PCC, seaports located in Germany, and the Benelux countries, among other destinations. [3]

Holding & Projects segment

This segment manages major projects such as the construction of a production plant for Oxyalkylates in Malaysia in a joint venture with Petronas Chemicals Group which was commissioned in 2023. [17] [18]

Corporate Citizenship

The company is the name sponsor of the PCC Stadium in Duisburg, the home venue of local soccer teams. PCC SE supports the homeless relief association Gemeinsam gegen Kälte Duisburg e.V., [19] German children's rights organization Deutscher Kinderschutzbund in Duisburg [20] and the Amani Orphans’ Home Mbigili (AOHM), a Tanzanian non-governmental organization that cares for AIDS orphans in the region. [21] Group companies PCC Rokita SA and PCC Exol SA received a silver and a gold medal, respectively, from the international collaborative sustainability platform, EcoVadis, for their reporting on corporate social responsibility. [3] From 2016 to 2019, PCC Rokita SA was included in the Respect Index, the social responsibility index of companies listed on the Warsaw Stock Exchange. [22]

See also

Related Research Articles

<span class="mw-page-title-main">Polyurethane</span> Polymer composed of a chain of organic units joined by carbamate (urethane) links

Polyurethane refers to a class of polymers composed of organic units joined by carbamate (urethane) links. In contrast to other common polymers such as polyethylene and polystyrene, polyurethane is produced from a wide range of starting materials. This chemical variety produces polyurethanes with different chemical structures leading to many different applications. These include rigid and flexible foams, and coatings, adhesives, electrical potting compounds, and fibers such as spandex and polyurethane laminate (PUL). Foams are the largest application accounting for 67% of all polyurethane produced in 2016.

<span class="mw-page-title-main">Polish State Railways</span> Dominant railway operator in Poland

The Polish State Railways was the dominant railway operator in Poland. The company was founded when the former Polish State Railways state-owned enterprise was divided into several units based on the need for separation between infrastructure management and transport operations. Polish State Railways is the dominant company in PKP Group collective that resulted from the split, and maintains in 100% share control, being fully responsible for the assets of all of the other PKP Group component companies. The group's organisations are dependent upon Polish State Railways, but proposals for privatisation have been made.

The Rhenus Group is an international logistics service provider based in Holzwickede near Dortmund, Germany. The company has branches in Europe, India, North, Central and South America, Asia, Africa, and Oceania. It is a subsidiary of German Rethmann Group.

<span class="mw-page-title-main">PKP Cargo</span> Polish rail freight carrier

PKP Cargo is a logistics operator and a part of the PKP Group in Poland. It is the largest railway freight carrier in Poland and second largest in the European Union. PKP Cargo is listed on the Warsaw Stock Exchange. The company's largest shareholder is PKP S.A. with a 33,01% share.

<span class="mw-page-title-main">DB Cargo Polska</span>

DB Cargo Polska is a Polish company operating mainly in rail freight transportation. It is presently owned by the German state railway company Deutsche Bahn (DB).

<span class="mw-page-title-main">SBB Cargo</span> Freight focused subsidiary of Swiss Federal Railways

SBB Cargo is a subsidiary of Swiss Federal Railways (SBB) specialising in railfreight and is operated as the Freight division. Swiss Federal Railways is a former state-owned and -controlled company that was transformed in 1999 into a joint-stock company under special legislation following the first Swiss railway reform and divided up into three independent divisions: Passenger, Freight and Infrastructure. The headquarters of Swiss Federal Railways SBB Cargo AG, the Freight division's official designation, are in Olten. In 2013, SBB Cargo had 3,061 employees and achieved consolidated sales of CHF 953 million. In Switzerland, SBB Cargo is the market leader in rail freight, transporting over 175,000 tons of goods every day. This corresponds to the weight of 425 fully loaded jumbo jets.

<span class="mw-page-title-main">Bank Millennium</span> Polish bank

Bank Millennium S.A. is a Poland-based commercial bank with headquarters in Warsaw, and owned by the Portuguese bank Millennium BCP. It is one of the largest banks in Poland and has been operating for 32 years. In 2018, it was the 7th bank in Poland in terms of asset value.

<span class="mw-page-title-main">PGE Polska Grupa Energetyczna</span>

PGE Polska Grupa Energetyczna S.A. is a state-owned public power company and the largest power producing company in Poland. PGE is listed on the Warsaw Stock Exchange and is a constituent of the WIG30 index.

<span class="mw-page-title-main">ERS Railways</span> Railway company

ERS Railways is a rail freight company presently owned by the Swiss rail freight company Hupac.

<span class="mw-page-title-main">Ultrapar</span> Brazilian company

The Ultra Group is a Brazilian conglomerate operating in the industry segments of energy and logistics infrastructure through its subsidiaries Ipiranga, Ultragaz and Ultracargo. These subsidiaries are fully controlled by the holding company Ultrapar. The Group's shares are traded under the name Ultrapar on São Paulo (B3) and on New York (NYSE) stock exchanges.

Kulczyk Investments SA is an international investment company, founded by Polish entrepreneur Jan Kulczyk in 2007, focusing on business opportunities in high-growth markets. The company's strategic sectors are energy, infrastructure, chemical industry and mineral resources. Kulczyk Holding SA is responsible for the operations of the group in Poland.

<span class="mw-page-title-main">XPO, Inc.</span> American transportation company

XPO, Inc. is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, US and 564 locations globally.

<span class="mw-page-title-main">LPP (company)</span> Polish apparel retailer

LPP S.A. is a Polish multinational clothing company headquartered in Gdańsk, Poland, whose activity comprises design, production and distribution of clothing. The company owns five distinct fashion brands: Reserved, House, Cropp, Mohito and Sinsay.

<span class="mw-page-title-main">Boryszew (company)</span>

Boryszew SA is a Polish public company listed on the Warsaw Stock Exchange and it is on the exchange's WIG30 index of largest companies. Parts of the Boryszew group are engaged in the production of components for the automotive industry, chemical materials, metal oxides and other metal elements. It is based in Sochaczew. The company owns 30 production plants in 14 countries and employs around 10,000 people.

<span class="mw-page-title-main">CIECH</span> Polish chemical industry group

CIECH S.A., is a Polish chemical company headquartered in Warsaw and one of the leading companies in the European chemical industry. It is a major producer of sodium carbonate and sodium bicarbonate in the European Union, Europe's largest provider of sodium silicate and Poland's top producer of crop protection products.

The chemical companies of the large-scale chemical synthesis in Poland at the beginning of the 21st century, underwent the a process of intensive reorganization.

Ergis Spółka Akcyjna is a Polish chemical company that processes plastics and manufactures PVC, PET and PE products. It is listed on the Warsaw Stock Exchange.

Eurocash S.A. is a Polish corporate group holding numerous enterprises, inter alia: Eurocash Cash&Carry, Eurocash Serwis as well as the retail chains of ABC, 1 minute, Delikatesy Centrum, Groszek, Lewiatan and Mila. The largest share holder (44%) of the company is the Portuguese Luis Amaral, who in 2003 acquired a share in his former employer Jerónimo Martins. Since February 2005, Eurocash holds a place on the Warsaw Stock Exchange.

<span class="mw-page-title-main">Polski Holding Nieruchomości</span> Polish real estate company

Polski Holding Nieruchomości — Polish real estate company headquartered in Warsaw. As a company with a holding structure, it controls dozens of subsidiaries. Since February 2013, PHN has been listed on the Warsaw Stock Exchange.

References

  1. 1 2 3 4 5 "Financial Information". PCC SE. Retrieved 25 January 2024.
  2. ↑ "Company Overview of PCC SE". Bloomberg. Retrieved 25 January 2024.
  3. 1 2 3 4 5 6 7 8 "Annual Report 2022" (PDF). PCC SE. Retrieved 25 January 2024.
  4. 1 2 3 4 5 "Milestones in Our Corporate History" (PDF). Annual Report 2018. PCC SE. p. 22. Retrieved 29 July 2020.
  5. ↑ "Mit Schaum, Shampoo und stillen Reserven" (PDF).
  6. ↑ "PCC-Anleihen sind etwas für Zinssammler (PCC bonds are for collectors of interest)" (in German). Frankfurter Allgemeine Zeitung. 2 June 2006. Retrieved 27 January 2018.
  7. ↑ "New listings". Warsaw Stock Exchange. Retrieved 27 January 2018.
  8. ↑ "Chemical firm PCC Rokita rises 9 pct at Warsaw bourse debut". Reuters. 25 June 2014. Retrieved 27 January 2018.
  9. ↑ "Annual Report 2018" (PDF). PCC SE. Retrieved 29 July 2020.
  10. ↑ "PCC INTERMODAL (Resolution No. 913/2018)". Warsaw Stock Exchange. 10 September 2018. Retrieved 3 March 2020.
  11. ↑ "Deutsche Bahn buys Largest Private Rail Company in Poland". DB Schenker. 29 January 2009. Retrieved 27 January 2018.
  12. ↑ "Polish surfactants producer PCC Exol buys US-based PCC Chemax". ICIS News. 29 January 2013. Retrieved 27 January 2018.
  13. ↑ "Rokita ups stake in Thailand's IRPC". Utech. 28 February 2018. Retrieved 13 August 2018.
  14. ↑ "Icelandic dream factory". KfW. Retrieved 27 January 2018.
  15. ↑ "PCC Rokita SA, business profile". Financial Times. Retrieved 25 January 2024.
  16. ↑ "PCC Exol SA, business profile". Financial Times. Retrieved 25 January 2024.
  17. ↑ "Petronas Enters Oxyalkylates with PCC Deal". CHEManager. 22 November 2022. Retrieved 25 January 2024.
  18. ↑ "PCC Group Quarterly Report 3/2023" (PDF). PCC SE. Retrieved 25 January 2024.
  19. ↑ "Duisburg: Obdachlosenhilfe spart für neues Medizinmobil (Duisburg: Homeless relief association saves for new ambulance)" (in German). NRZ. 27 January 2020. Retrieved 3 March 2020.
  20. ↑ "Ein Pluspunkt für Duisburger Mütter (A Plus for Mothers in Duisburg)" (in German). NRZ. 3 December 2017. Retrieved 13 August 2018.
  21. ↑ "Unterstützer (Supporters)". Amani Orphans’ Home Mbigili. Retrieved 27 January 2018.
  22. ↑ "GPW Publishes the New 10th RESPECT Index Portfolio". Warsaw Stock Exchange. 15 December 2016. Retrieved 27 January 2018.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.