Selena Group – owner of the Tytan brand and one of the world’s three largest producers of polyurethane foams – has developed a new technology that was put to use in the Tytan Professional Ultra Fast 70 foam. Its innovative formulation significantly reduces the time needed to instal doors and windows, which significantly increases the number of projects that can be completed over the same time. This is a response to the favourable market which facilitates development of new projects, but is also characterised by a shortage of qualified workforce.
Krzysztof Domarecki – President of the Management Board, founder of Selena Group and the Fidiasz fund – was awarded by the Prime Minister of Poland Mateusz Morawiecki with the Medal of Poland’s 100th Independence Anniversary in recognition of his contribution to the Polish economy. The medal, awarded as part of the celebrations marking the anniversary of Poland regaining its independence, goes to the individuals who have contributed to building civic community and the country's economic well-being.
Selena Group, one of the leading manufacturers and distributors of construction chemicals and an owner of the TYTAN brand, in 2018 achieved consolidated revenue of PLN 1.2 billion, which is an increase of more than 4% year-on-year. Net profit amounted to PLN 26.7 million, and was four times higher than in 2017. EBIT reached PLN 52.3 million, up over 20%. Gross profit margin increased by 0.2 pp year-on-year to 29.1%. This performance is a result of increasingly better cost control and reduced balance of currency exchange differences.
Selena Labs R&D centre of Selena Group, continues its strategy of developing innovative products and implementing unique solutions. On 2 April 2019, the company opened its main laboratory centre in the city of Dzierżoniów, in the Wałbrzych Special Economic Zone “INVEST-PARK”. With a value of PLN 8 million and usable area of more than 4,000 m², the project will significantly increase the company's ability to develop and put on global markets construction chemicals with unique parameters.