Polwax SA
GGPW:PWX0.95
PLN
+0.03
(+3.04%)
ISIN
PLPOLWX00026
Return %
Stock
S&P 500
1Y
-32.29
14.20
3Y
-60.33
81.12
5Y
-68.71
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
PLN
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Michal Wiktor Mroz
- Full Time Employees
- 193
- Sector
- Energy minerals
- Industry
- Oil refining/Marketing
- Address
- 3-go Maja, 101 Jaslo PK Poland 38-200
- IPO Date
- Oct 6, 2014
- Website
- polwax.pl
- Similar Companies
- Business
- Polwax S.A. (PWX.WA), Poland's largest and one of Europe's leading paraffin producers, manufactures and distributes refined and renewable paraffin, waxes, and specialty paraffin-based compositions; anti-corrosion agents; anti-caking agents for fertilizers; casting waxes; hot-melt adhesives; wood and paper impregnation products; micro-crystalline waxes; food contact waxes for production and packaging; plant protection products; rubber industry formulas; model masses; candle production waxes including wick coatings, decorative blends, and dipping waxes such as Isowax and LWK 64/68; ready-made grave candles, table candles, and container candles produced at its Czechowice-Dziedzice facility; and other industrial products for applications in fertilizer, rubber, food, paper and packaging, varnishes, paints, construction materials, wood processing, explosives, investment casting, automotive, and furniture industries. Founded in 1999 with formal incorporation in 2012 as a joint-stock company, Polwax S.A. maintains headquarters at ul. 3 Maja 101 in Jaslo, Poland, and operates primarily in Europe with a workforce of approximately 197-213 employees, emphasizing innovation through in-house R&D laboratories, modern production processes, and an integrated management system certified to ISO 9001, 14001, 45001, and 17025 standards. In 2024, Mostostal Zabrze S.A. completed the acquisition of a 49.92% stake in Polwax through the subscription of 30.8 million new shares for PLN 30.8 million following a May letter of intent, due diligence, and regulatory approvals including from Polish competition authorities, marking a strategic alliance that enhances Polwax's position under significant influence from the construction and energy sector player as part of Mostostal Zabrze's 2023-2026 diversification strategy; the company also signed a major 2024 paraffin raw material supply agreement with Aramco Fuels Poland valued at nearly PLN 30 million covering 25-30% of production needs, renewed its factoring facility with ING Commercial Finance Polska S.A. in May 2025, reached an amicable settlement with Mostostal Zabrze and Orlen Projekt in June 2025, and continues portfolio expansion toward industrial applications including fertilizers, food contact, wood emulsions, and rubber formulas while maintaining candle market presence. Polwax S.A. lists on the Warsaw Stock Exchange main market since its 2017 IPO and reports to the Materials sector's Specialty Chemicals industry, serving diverse B2B customers across industrial segments with a focus on quality, ecological production, and customer-specific formulations.