Description of activity

The core of Company's business includes leasing and management of five property estates located in Jelenia Góra at ul. K. Miarki (these are property estates of the former Chemical Manufacturing Company "Chemitex-Celwiskoza"), intended for warehouses and industrial buildings. Additionally, the entity has several company apartments. Local tenants are among the main customers of the Company. Zakłady Chemiczne Jelchem S.A. operates within holding structure. The Company is a 100-percent shareholder in 11 subsidiaries, of which the most important are JELCHEM-Polimery Sp. z o.o. and JELCHEM-Tworzywa Sztuczne Sp. z o.o. The development strategy of the Company provides for further development of owned properties and gradual improvement of their standard. Additionally, the entity plans to transform the subsidiary JELCHEM-Tworzywa Sztuczne Sp. z o.o. into cost centre and to acquire funds for recultivation of the former Chemical Manufacturing Company "Chemitex-Celwiskoza" area.