Selana, world’s fourth biggest producer of polyurethane foams, wants to spend PLN 250m (EUR 70m) to develop.
“We will soon decide whether to be listed on the stock exchange, get support from private equity funds or take credits”, Krzysztof Domarceki, Selena CEO said.
Up to 20 percent of newly issued shares could be offered to financial investors. The company is not going to merge with anybody. Today, 100 percent of Selena shares belong to Polish private investors.
Selena operates in 50 countries and has sales outlets in 15 ones. It has 9 plants: four in Poland, one in the USA, Brazil, china, Korea and Italy.
“We plan to increase capacity in Asia and develop in Poland and the USA”, Krzysztof Domarecki said.
In 2006, Selena had POLN 431.4m of sales and PLN 30.6m of net income. The company does not say how much it earned last year.
(PLN 1 = EUR 0.280)