Ciech has completed soda contracting for 2022

Ciech has completed contracting the entire volume of soda produced in the group's factories in Poland and Germany for 2022, the company said. Soda ash and baking soda will reach approx. 400 customers all over the world.
The negotiated prices make it possible to cover the rapidly rising costs of raw materials, and strong demand from flat and packaging glass producers makes delivery reliability a key criterion for customers, emphasized.

“We have negotiated prices that allow us to cover the costs of more expensive raw materials and we have secured the margin level. In uncertain times, customers value reliable delivery and reliable service. We see great interest in our soda in India, Central Asia or even China, which assures us of the global increase in demand in this market. In addition, we have established mechanisms with some customers to protect the margin level in the event of changes in raw material prices, ”said Adam Czarnul, the head of the soda business at the Ciech Group, quoted in the release.

The Ciech Group is one of the leaders of the European chemical market. It is the second largest producer of soda ash (used in the production of glass) in Europe and the only producer of this substance in Poland. Since 2005, Ciech has been listed on the Warsaw Stock Exchange. Its consolidated revenues amounted to PLN 2.98 billion in 2020.

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