On 21 September 2015 Selena FM SA Supervisory Board revoked the nomination of Robert Konaszewski as Vice-President of the Management Board.
Selena Group – global manufacturer and distributor of construction chemistry headquartered in Poland – has been provided a EUR 10 m loan by the European Bank for Reconstruction and Development (EBRD) for its further expansion in Kazakhstan, especially in the product group of insulation systems. EUR 7 m equivalent in tenge will re-finance the acquisition of the acquisition of TOO Big Elit in Astana and the construction of a greenfield production plant for dry mortars and insulation systems manufacturing plant in the special economic zone. The remaining EUR 3 m will be provided as working capital to the parent company – Selena FM SA.
Selena Group – global manufacturer and distributor of construction chemistry headquartered in Poland – posted in the first quarter 2015 consolidated sales of EUR 44.8 m (PLN 185.8 m). At the same time, the Group recorded a net loss of EUR 1.9 m (PLN 7.8 m) in the analysed period, which is EUR 2.1 m (PLN 9.0 m) up on the corresponding period of the year 2014.
Selena Group – global manufacturer and distributor of construction chemistry headquartered in Poland – exhibited at the TurkeyBuild Istanbul tradeshow from April 21 to 25. At the 38th edition of the show Selena presented the new concept for the brand Polyfix, among others. The Group also brought its offering for sustainable building closer to the Turkish users.