PCC SE

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PCC SE

logo
legal form European society
founding 1993
Seat Duisburg , GermanyGermanyGermany 
management
  • Ulrike Warnecke and Alfred Pelzer (Managing Directors)
Number of employees 3,583 (2019)
sales 768 million euros (2019)
Branch Chemistry , energy , logistics
Website www.pcc.eu

The PCC SE based in Duisburg is one with more than 3,500 employees (2019) in the fields of chemistry , logistics group of companies operating and energy. Waldemar Preussner is the company's founder and sole shareholder .

Company history

background

In 1993 the predecessor company of PCC SE, Petro Carbo Chem Rohstoffhandelsgesellschaft mbH (today: PCC Trade & Services GmbH) , was founded by Waldemar Preussner and partners in Duisburg. In 1998, PCC AG was created through a spin-off. In February 2007, the legal form was changed from the AG to the European Stock Corporation (SE) .

The group has grown strongly through acquisitions and investments in other companies. In 1998, PCC SE was one of the first German medium-sized companies to start the independent, bank-independent issuance of bonds in direct sales. Since then, corporate bonds have been the main financing instrument of the group holding company. Most of the Group's locations have been in Central and Eastern Europe since the company was founded, above all in Poland. Since the liberalization of the markets in this region, PCC has primarily been active there as a chemical producer and raw materials trader as well as a logistics provider and operator of power plants. As part of the privatization of state-owned companies, PCC acquired various companies, which were modernized and expanded with considerable investments in the following years. This expansion was accompanied by the change from a raw materials trading company to a diversified group with a strong own production base. Further internationalization was driven in particular by investments in the USA, Southeast Asia and West Africa as well as in Iceland.

In 2019, PCC achieved consolidated sales of € 768 million with around 80 subsidiaries in 18 countries. The company generated earnings before financial results, taxes, depreciation and amortization ( EBITDA ) of € 99.0 million and a pre-tax profit of € 19.3 million.

Key figures of the PCC Group in accordance with IFRS
2015 2016 2017 2018 2019
sales € 571.1 million € 568.9 million € 683.2 million € 779.2 million € 767.5 million
EBITDA € 50.8 million € 76.4 million € 73.8 million € 105.3 million € 99.0 million
EBT € 1.2 million € 24.6 million € 13.6 million € 41.5 million € 19.3 million
Investments € 160.1 million € 159.3 million € 101.4 million € 168.6 million € 163.5 million
Employees (as of December 31) 2,992 3,032 3,389 3,476 3,583

Acquisitions

2000–2008: Acquisition of shares in Polish freight transport companies up to the bundling of these activities in the PCC Logistics group of companies, which was sold to the country's largest private rail freight operator and in 2009 to Deutsche Bahn AG .

2002–2010: PCC gradually acquired shares in a major Polish chemical producer, today's PCC Rokita SA . Since then, it has been the Group's largest subsidiary.

2006: PCC Chemax, Inc. in Piedmont, South Carolina , USA was created through the takeover of a division from Rütgers Organics Corporation .

2009: Acquisition of today's PCC Silicium SA in Zagórze (Poland), which has a quartzite quarry. This forms the raw material basis for the silicon metal plant at PCC in Iceland.

2015-2018: PCC Rokita SA founded IRPC Polyol Company Ltd. together with the Thai polyols and polyurethane producer. a joint venture and took over a total of 50 percent of the joint venture partner by 2018.

Project investment

2005: Start of PCC's involvement in the power plant segment of renewable energies through the establishment of the joint venture PCC DEG Renewables GmbH with the KfW subsidiary DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH . The initial funding was € 8 million. Between 2009 and 2014 five small hydropower plants were put into operation in Southeast Europe.

2012: PCC SE and its long-term partner, the Russian JSC Shchekinoazot, laid the basis for a project with an investment volume of € 20 million for the production of high-purity dimethyl ether (DME) with the OOO DME Aerosol joint venture . Construction began in 2017 and commissioning took place in December 2018.

2013: Construction of a production facility for high-purity monochloroacetic acid (MCAA) begins. The system was commissioned by PCC MCAA Sp. Z oo at the end of 2016.

2012–2018: In several years of negotiations, the financing of the construction of a silicon metal production plant in Iceland was secured by the project company PCC BakkiSilicon hf. With an investment volume of around € 265 million, it was the largest single project in the company's history. Construction began in September 2015 and production started in May 2018. The plant near the small town of Húsavík produces silicon metal as an essential raw material, primarily for the chemical industry. Since the plant is based on German plant technology and its products are of importance for the German economy in terms of raw materials policy, the project was funded by federal funding instruments. Only electricity from renewable energy sources (especially geothermal energy) is used to operate the system.

IPOs

2009: Partial IPO of PCC Intermodal SA (international container logistics) on the Warsaw Stock Exchange . PCC SE remained the majority shareholder. In 2018, PCC SE took over shares in the company from minority shareholders and took it off the stock exchange by delisting.

2012: IPO of the surfactant manufacturer PCC Exol SA on the Warsaw Stock Exchange. PCC SE remains the majority shareholder with around 86 percent of the shares.

2014: IPO of the largest PCC group company PCC Rokita SA on the Warsaw Stock Exchange. PCC SE remains the majority shareholder with around 84 percent of the shares.

Divestments

2008: Sale of Rokita-Agro to the Israeli agrochemical producer Makhteshim Agan Industries (today Adama ).

2009: The Polish corporate group PCC Logistics is sold to Deutsche Bahn and renamed DB Schenker Rail Polska (now DB Cargo Polska ).

2010: Sale of the energy supplier PCC Energie to the Spanish Nexus Energía

2015: Sale of the Polish telecommunications and data center provider 3Services Factory to an investment fund.

Group structure

Chemical division

With a share of around 84 percent, the Group's main sales driver is the chemicals division with its five segments polyols , surfactants , chlorine , specialty chemicals (including phosphorus derivatives and alkylphenols ) and consumer goods, which achieved sales of € 646.3 million in 2019. Production takes place mainly in Poland. The most important division company is PCC Rokita SA, based in Brzeg Dolny , u. a. Eastern Europe's leading manufacturer of polyether polyols, the basic materials for PU foams for mattresses, for example, and a major chlorine producer . PCC Exol SA, based in Brzeg Dolny, is the only manufacturer of surfactants in Poland. The most important trading company is PCC Trade & Services GmbH with raw materials trading, the original core business of PCC. The largest holding in the consumer goods segment is PCC Consumer Products Kosmetik, a Polish manufacturer u. a. household cleaners, laundry detergents and personal care products.

Logistics division

The logistics division is dominated by PCC Intermodal SA, a leading private logistics service provider in Eastern Europe with a total of five of its own combined transport terminals in Poland and Germany for container loading between rail and road transport. There are regular connections between PCC's Polish inland terminals and the seaports in Germany and the Benelux countries.

Energy sector

The conventional power plants of the PCC Group are managed in the energy division. In addition, it projects and operates a number of environmentally friendly small hydropower plants in the Renewable Energies business area in the Republic of Macedonia and Bosnia-Herzegovina.

Holding / Projects division

This division provides group-wide services, for example in the areas of information technology and finance. In addition, she controls major projects such as the construction of a production facility for silicon metal in Iceland, which went into operation in 2018.

Social Commitment

The company is the namesake of the PCC stadium , in which the women's Bundesliga club MSV Duisburg (formerly FCR 2001 Duisburg ) and VfB Homberg play. The social commitment of PCC SE includes, among other things, 2019 and 2020 the support of the association Together against Kälte Duisburg eV with the help for homeless people, 2018 the German Child Protection Association in Duisburg with a contact point for young mothers and the aid organization AOHM Amani Orphans' Home Mbigili for AIDS orphans in Tanzania.

Individual evidence

  1. ↑ a b Group management
  2. ↑ a b PCC SE financial information. Retrieved July 1, 2020 .
  3. ↑ a b c d e f g h i PCC Group Annual Report 2018 (PDF; 10.5 MB) PCC SE, accessed on February 21, 2020 .
  4. ↑ With foam, shampoo and hidden reserves. In: WirtschaftsWoche 27 2017, page 89. June 30, 2017, accessed on June 19, 2018 .
  5. ↑ a b c d e f g h i j k l m PCC SE Annual Report 2018, pp. 22–31, milestones in PCC history. (PDF; 10.5 MB) PCC SE, accessed on February 21, 2020 .
  6. ↑ PCC bonds are for interest collectors. In: faz.net. June 2, 2006, accessed June 19, 2018 .
  7. ↑ a b PCC relies on continuity and entrepreneurial freedom. In: CHEManager. June 6, 2019, accessed February 21, 2020 .
  8. ↑ a b PCC Group Annual Report 2019 (PDF; 2.0 MB) PCC SE, accessed on July 1, 2020 .
  9. ↑ Annual reports of the PCC Group 2015-2019. Retrieved July 1, 2020 .
  10. ^ Polish railways from Duisburg. In: welt.de. February 26, 2007, accessed July 2, 2017 .
  11. ↑ a b Sale of PCC Logistics to Deutsche Bahn completed. In: presseportal.ch. July 22, 2009. Retrieved June 19, 2018 .
  12. ↑ PCC Rokita establishes joint venture in Thailand. In: process.vogel.de. January 19, 2015, accessed June 19, 2018 .
  13. ↑ PCC starts production of aerosol-quality dimethyl ether. In: CHEManager. January 7, 2019, accessed February 21, 2020 .
  14. ↑ PCC Group quarterly report 4/2016. (PDF; 1.0 MB) PCC SE, accessed on June 19, 2018 .
  15. ↑ PCC builds a state-of-the-art production facility for the specialty chemical MCAA. In: CHEManager. August 31, 2018, accessed February 21, 2020 .
  16. ↑ Icelandic dream factory. In: CHANCEN, KfW magazine for decision-makers, spring / summer 2016, p. 54. Retrieved on June 19, 2018 .
  17. ↑ PCC INTERMODAL (Resolution No. 913/2018). In: GPW Warsaw Stock Exchange. September 10, 2018, accessed on February 21, 2020 .
  18. ↑ PCC Group quarterly report 2/2015. (PDF; 2.4 MB) PCC SE, accessed on June 19, 2018 .
  19. ↑ PCC Intermodal opens first route to Austria and Hungary. In: Österreichische Verkehrszeitung, issue 25–26 / 2016. July 6, 2016, accessed June 19, 2018 .
  20. ↑ The PCC supports the Association against Cold Duisburg eV with help for homeless people. Together against Kälte Duisburg eV, January 27, 2020, accessed on February 21, 2020 .
  21. ↑ A plus point for Duisburg mothers. In: nrz.de. December 3, 2017, accessed April 3, 2018 .
  22. ↑ Supporters , Amani Orphans Home Mbigili website , accessed March 2, 2017.