PCC SE

PCC SE is an international chemicals, logistics and energy corporation.[2] Headquartered in Duisburg, Germany, the PCC Group has more than 3,500 employees worldwide. It comprises some 80 subsidiaries located at 41 sites in 18 countries, with production facilities in Europe, Asia and the USA.[3] The sole shareholder of the group´s parent and holding company PCC SE is Waldemar Preussner, chairman of the administrative board.

PCC SE
TypeSocietas Europaea
IndustryChemicals, logistics, energy
FoundedOctober 1993 (October 1993) in Duisburg, Germany
FounderWaldemar Preussner
HeadquartersDuisburg-Homberg, Germany
Key people
Waldemar Preussner
(Chairman of the administrative Board)
Ulrike Warnecke
(Managing director)
Dr. rer. oec. (BY) Alfred Pelzer
(Managing director)
ProductsChemicals, polyols, surfactants, chlorine, MCAA, specialty chemicals including phosphorus derivatives and alkylphenols, consumer products, raw materials, quartzite, energy, logistics and intermodal transport
Revenue €767.5 million (2019)[1]
€43.3 million (2019)[1]
€7.0 million (2019)[1]
Number of employees
3,583 (31 December 2019)[1]
Websitewww.pcc.eu

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]

The PCC group has expanded and diversified through acquisitions and project investments.[4][5] 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][6][7] Logistics company PCC Intermodal S.A. (IPO in 2009) was delisted from the Warsaw Stock Exchange in 2018.[8][9] As a major divestiture, in 2009, PCC sold its Polish subgroup PCC Logistics to Deutsche Bahn AG (today DB Cargo Polska).[10]

Investments further afield include US specialty surfactants developer PCC Chemax, Inc.[11] 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.[12][13][14] 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][15]

In 2018, PCC generated consolidated revenue of €767.5 million. Earnings before interest and other financial items, taxes, depreciation and amortization (EBITDA) amounted to €99.0 million, and earnings before taxes (EBT) were €19.3 million.[1]

Divisions

The group annual report for 2019 lists 51 material portfolio companies as affiliated entities of PCC SE, allocated to the four divisions: Chemicals, Logistics, Energy and Holding/Projects.[3]

Chemicals

Accounting for a share of around 85 percent, the group´s main revenue generator is the Chemicals division and its five segments Polyols, Surfactants, Chlorine, Specialty Chemicals (including Phosphorus derivatives and Alkylphenols), and Consumer Products, which together realized sales in 2019 of €646.3 million.[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.[16] It is also a chlorine producer. PCC Exol SA, Brzeg Dolny, is a Polish manufacturer of surfactants.[17] The largest commodity trading company in the group is PCC Trade & Services GmbH.[3]

Logistics

The Logistics division 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][18]

Energy

The Energy division is engaged both in combined heat and power generation and in renewable energy generation with five small hydropower plants (SHPP) in North Macedonia and Bosnia & Herzegovina.[3][19]

Holding/Projects

This division provides group-wide services such as information technology and finance. It also manages major projects such as the construction (2015-2018) of a production plant for silicon metal in Iceland.[3][15]

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.,[20] German children's rights organization Deutscher Kinderschutzbund in Duisburg[21] and the Amani Orphans’ Home Mbigili (AOHM), a Tanzanian non-governmental organization that cares for AIDS orphans in the region.[22] 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.[23][24]

See also
  • List of German companies

References
  1. "Financial Information". PCC SE. Retrieved 29 July 2020.
  2. "Company Overview of PCC SE". Bloomberg. Retrieved 13 August 2018.
  3. "Annual Report 2019" (PDF). PCC SE. Retrieved 29 July 2020.
  4. "Milestones in Our Corporate History" (PDF). Annual Report 2018. PCC SE. p. 22. Retrieved 29 July 2020.
  5. "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.
  6. "New listings". Warsaw Stock Exchange. Retrieved 27 January 2018.
  7. "Chemical firm PCC Rokita rises 9 pct at Warsaw bourse debut". Reuters. 25 June 2014. Retrieved 27 January 2018.
  8. "Annual Report 2018" (PDF). PCC SE. Retrieved 29 July 2020.
  9. "PCC INTERMODAL (Resolution No. 913/2018)". Warsaw Stock Exchange. 10 September 2018. Retrieved 3 March 2020.
  10. "Deutsche Bahn buys Largest Private Rail Company in Poland". DB Schenker. 29 January 2009. Retrieved 27 January 2018.
  11. "Polish surfactants producer PCC Exol buys US-based PCC Chemax". ICIS News. 29 January 2013. Retrieved 27 January 2018.
  12. "IRPC Polyol & PCC Rokita Collaborate to Develop PU-based High Value-added Products". SpecialChem. 20 January 2015. Retrieved 27 January 2018.
  13. "PCC Rokita gains major stake in Thai firm". Warsaw Business Journal. 22 August 2017. Retrieved 27 January 2018.
  14. "Rokita ups stake in Thailand's IRPC". Utech. 28 February 2018. Retrieved 13 August 2018.
  15. "Icelandic dream factory". KfW. Retrieved 27 January 2018.
  16. "PCC Rokita SA, business profile". Financial Times. Retrieved 27 January 2018.
  17. "PCC Exol SA, business profile". Financial Times. Retrieved 27 January 2018.
  18. "PCC Intermodal S.A., business profile". Financial Times. Retrieved 27 January 2018.
  19. "New EBRD investment in Macedonian renewable energy sector". EBRD Press Office. 20 April 2011. Retrieved 27 January 2018.
  20. "Duisburg: Obdachlosenhilfe spart für neues Medizinmobil (Duisburg: Homeless relief association saves for new ambulance)" (in German). NRZ. 27 January 2020. Retrieved 3 March 2020.
  21. "Ein Pluspunkt für Duisburger Mütter (A Plus for Mothers in Duisburg)" (in German). NRZ. 3 December 2017. Retrieved 13 August 2018.
  22. "Unterstützer (Supporters)". Amani Orphans’ Home Mbigili. Retrieved 27 January 2018.
  23. "GPW Publishes the New 10th RESPECT Index Portfolio". Warsaw Stock Exchange. 15 December 2016. Retrieved 27 January 2018.
  24. "New RESPECT Index Portfolio - 12th Edition". Warsaw Stock Exchange. 12 December 2018. Retrieved 3 March 2020.
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