Spanish brand QUILOSA, present in the market for 75 years and a member of the Selena Group, is launching new innovative products. QUILOSA product range was recently extended by: Aquaprotect liquid MS silicone, Betamex instant adhesive and new Orbafoam polyurethane foams.
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.