Bond purchase supports innovation in Polish chemicals industry
A €50 million investment in bonds issued by Synthos will help the Polish manufacturer of chemical raw materials modernise its production facilities and carry out research and development (R&D).
Synthos will build a new, state-of-the-art rubber production plant using the most modern technology if its kind in Poland. The financing will support a recently-established R&D centre at Synthos that is helping to close the gap between corporations and academic institutions in Poland. The centre is working on synthentic rubber, plastics and adhesives and has close links with universities in Poland and abroad.
As part of the EBRD investment, Synthos also committed to adopting an environmental and social action plan and meeting high social and environmental standards, thereby setting an example for the Polish chemical industry.
billion - cumulative annual Bank investment in Poland 1991-2015
EBRD projects in Poland during 2015