PCC SE
{{Use dmy dates|date=January 2018}}
{{Infobox company
| name = PCC SE
| logo = PCC SE Logo.svg
| type = Societas Europaea
| industry = Chemicals, silicon, logistics,
| founded = {{start date and age|October 1993}} in Duisburg, Germany
| founder = Waldemar Preussner
| location = Duisburg-Homberg, Germany
| key_people = Dr. Peter Wenzel
{{small|(CEO/Chairman of the Executive Board)}}
Riccardo Koppe
{{small|(Executive Board Member)}}
Dr. rer. oec. (BY) Alfred Pelzer
{{small|(Executive Board Member)}}
Waldemar Preussner
{{small|(Chairman of the Supervisory Board)}}
| products = Chemicals, polyols, surfactants, chlorine, MCAA, silicon, specialty chemicals including phosphorus derivatives and alkylphenols, consumer products, raw materials, quartzite, logistics and intermodal transport
| revenue = {{Decrease}} €993.6 million (2023){{cite web|url=https://www.pcc.eu/en/pcc-direktinvest/financial-information/|title=Financial Information|last=|first=|date=|website=|publisher=PCC SE|access-date=25 January 2024}}
| operating_income = {{Decrease}} €33.4 million (2023)
| net_income = {{Decrease}} €-25.0 million (2023)
| num_employees = 3,265 (31 December 2023)
| homepage = {{URL|http://www.pcc.eu}}
}}
PCC SE is an international chemicals, silicon and logistics corporation.{{cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=5886237|title=Company Overview of PCC SE|last=|first=|date=|website=|publisher=Bloomberg|access-date=25 January 2024}} Headquartered in Duisburg, Germany, the PCC Group has about 3,300 employees worldwide. It comprises 66 subsidiaries located at 41 sites in 17 countries, with production facilities in Europe, Asia and the United States.{{cite web|url=https://www.pcc.eu/wp-content/uploads/2024/07/PCC-Group-Annual-Report-2023.pdf|title=Annual Report 2023 |last=|first=|date=|website=|publisher=PCC SE|access-date=14 October 2024}} The sole shareholder of the group's parent and holding company PCC SE is Waldemar Preussner, chairman of the supervisory board.
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).{{cite web|url=https://www.pcc.eu/wp-content/uploads/2019/08/PCC-Group-Annual-Report-2018.pdf|title=Milestones in Our Corporate History|last=|first=|date=|work=Annual Report 2018|publisher=PCC SE|page=22|access-date=29 July 2020}} In 1998, PCC SE was one of the first medium-sized German companies to start issuing bonds directly, independently of banks. Since then, corporate bonds have formed the main financing instrument of the group holding company.{{Cite web |title=Mit Schaum, Shampoo und stillen Reserven. |url=https://www.pcc.eu/wp-content/uploads/2017/06/WiWo-Sonderdruck-PCC-Anleihe-30062017_web.pdf}}
The PCC group has expanded and diversified through acquisitions and project investments.{{cite web|url=https://www.faz.net/aktuell/finanzen/anleihen-zinsen/unternehmensanleihen-pcc-anleihen-sind-etwas-fuer-zinssammler-1112535.html?printPagedArticle=true#pageIndex_2|title=PCC-Anleihen sind etwas für Zinssammler (PCC bonds are for collectors of interest)|last=|first=|date=2 June 2006|website=|publisher=Frankfurter Allgemeine Zeitung|language=German|access-date=27 January 2018}} 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.
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).{{cite web|url=https://www.gpw.pl/new-listings|title=New listings|last=|first=|date=|website=|publisher=Warsaw Stock Exchange|access-date=27 January 2018}} Logistics company PCC Intermodal S.A. (IPO in 2009) was delisted from the Warsaw Stock Exchange in 2018.{{cite web|url=https://www.pcc.eu/wp-content/uploads/2019/08/PCC-Group-Annual-Report-2018.pdf|title=Annual Report 2018|last=|first=|date=|website=|publisher=PCC SE|access-date=29 July 2020}}{{cite web|url=https://www.gpw.pl/gpw-communiques-and-resolutions?ph_main_01_start=show&cmn_id=107427&title=PCC+INTERMODAL+(Resolution+No.+913/2018)|title=PCC INTERMODAL (Resolution No. 913/2018)|last=|first=|date=10 September 2018|website=|publisher=Warsaw Stock Exchange|access-date=3 March 2020}} As a major divestiture, in 2009, PCC sold its Polish subgroup PCC Logistics to Deutsche Bahn AG (today DB Cargo Polska).{{cite web|url=https://www.railwaygazette.com/news/db-completes-pcc-logistics-purchase/34224.article|title= DB completes PCC Logistics purchase|last=|first=|date=22 July 2009|website=|publisher=Railway Gazette International|access-date=14 October 2024}}
Investments further afield include US specialty surfactants developer PCC Chemax, Inc.{{cite web|url=https://www.marketscreener.com/quote/stock/PCC-EXOL-S-A-11719228/news/PCC-Exol-Sp-lka-Akcyjna-completed-the-acquisition-of-PCC-Chemax-Inc-from-PCC-SE-39165410/|title=PCC Exol Spólka Akcyjna completed the acquisition of PCC Chemax, Inc. from PCC SE|last=|first=|date=27 January 2013|website=|publisher=Marketscreener.com|access-date=14 October 2024}} 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.{{cite web|url=https://utech-polyurethane.com/news/rokita-ups-stake-thailands-irpc/|title=Rokita ups stake in Thailand's IRPC|last=|first=|date=28 February 2018|website=|publisher=Utech|access-date=13 August 2018}} In Iceland, PCC commissioned, in 2018, a silicon metal production plant at a cost of around US$300 million powered by geothermal energy.{{cite web|url=https://www.kfw.de/stories/kfw/stories/environment/natural-resources/sustainable-silicon-production-plant-husavik-island/|title=Icelandic dream factory|last=|first=|date=|website=|publisher=KfW|access-date=27 January 2018}}
In 2023, PCC generated consolidated revenue of €993.6 million. Earnings before interest and other financial items, taxes, depreciation and amortization (EBITDA) amounted to €112.3 million, and earnings before taxes (EBT) were €-20.8 million.
Segments
= Chemical segments =
The group's main revenue generator are the three Chemicals segments Polyols & Derivatives, Surfactants & Derivatives and Chlorine & Derivatives. 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.{{cite web|url=https://markets.ft.com/data/equities/tearsheet/profile?s=PCR:WSE|title=PCC Rokita SA, business profile|last=|first=|date=|website=|publisher=Financial Times|access-date=25 January 2024}} It is also a chlorine producer. PCC Exol SA, Brzeg Dolny, is a Polish manufacturer of surfactants.{{cite web|url=https://markets.ft.com/data/equities/tearsheet/profile?s=PCX:WSE|title=PCC Exol SA, business profile|last=|first=|date=|website=|publisher=Financial Times|access-date=25 January 2024}}
= Silicon and derivatives segment =
In the silicon and derivatives segment, PCC operates a silicon metal production facility in Húsavík, Iceland, which is powered by 100% electricity from renewable energy sources. The plant obtains the quartzite raw material from the PCC quarry in Poland.
= Logistics segment =
The logistics segment 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.
= Holding and projects segment =
This segment manages major projects such as the construction of a production plant for Oxyalkylates in Malaysia in a joint venture with Petronas Chemicals Group which was commissioned in 2023.{{cite web|url=https://www.chemanager-online.com/en/news/petronas-enters-oxyalkylates-pcc-deal|title=Petronas Enters Oxyalkylates with PCC Deal |last=|first=|date=22 November 2022|website=|publisher=CHEManager|access-date=25 January 2024}}{{cite web|url=https://www.pcc.eu/wp-content/uploads/2023/11/PCC-Group-Quarterly-Report-3-2023.pdf|title=PCC Group Quarterly Report 3/2023 |last=|first=|date=|website=|publisher=PCC SE|access-date=25 January 2024}}
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.,{{cite web|url=https://gemeinsam-gegen-kaelte-duisburg.de/aktuelles/|title=PCC spendet erneut 10.000 Euro (PCC donates again 10,000 Euro)|last=|first=|date=1 February 2024|website=|publisher=Gemeinsam gegen Kälte Duisburg e.V|language=German|access-date=14 October 2024}} German children's rights organization Deutscher Kinderschutzbund in Duisburg{{cite web|url=https://www.nrz.de/staedte/duisburg/ein-pluspunkt-fuer-duisburger-muetter-id212712545.html|title=Ein Pluspunkt für Duisburger Mütter (A Plus for Mothers in Duisburg)|last=|first=|date=3 December 2017|website=|publisher=NRZ|language=German|access-date=13 August 2018}} and the Amani Orphans' Home Mbigili (AOHM), a Tanzanian non-governmental organization that cares for AIDS orphans in the region.{{cite web|url=http://www.mbigili.de/unterstuetzer|title=Unterstützer (Supporters)|last=|first=|date=|website=|publisher=Amani Orphans' Home Mbigili|access-date=27 January 2018}} 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. 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.{{cite web|url=https://www.gpw.pl/press-centre?cmn_id=104973&title=gpw-publishes-the-new-10th-respect-index-portfolio&ph_main_03_start=show|title=GPW Publishes the New 10th RESPECT Index Portfolio|last=|first=|date=15 December 2016|website=|publisher=Warsaw Stock Exchange|access-date=27 January 2018}}