Kazincbarcika, Hungary - Isocyanates and PVC producer BorsodChem Zrt says its turnover will double in 2010, Wolfgang Büchele, chairman and ceo revealed during an open day 12 Nov for local and regional officials. The company's net sales in 2009 were Euro 627 million.
During the site visit, local government officials viewed BorsodChem's new TDI plant, where construction is ongoing since the re-launch of the investment project in July this year. Büchele said this plant, with planned capacity of 200 kilotonnes per annum, is now 60 percent complete. Production is expected to start in April 2011.
Büchele said when the second TDI plant is complete, it will make BorsodChem the No 1 TDI producer in Europe in terms of capacity and manufacturing costs.
Leaders of the town of Kazincbarcika where BorsodChem's site is located, plus officials of 32 other local governments in the north Borsod region heard c explain the re-engineering programme the company implemented after the economic crisis hit in 2008.
BorsodChem says, as a result, it now operates "substantially more efficiently and jobs have been saved." Management also highlighted development projects, including the new TDI (toluene diisocyanate) and nitric acid plants.
It also stressed the environmental, health and safety measures put in place to ensure sustainable development and to protect the natural environment.
During the visit, Büchele emphasised that BorsodChem's production technologies and processes comply with the highest European standards and the company applies the best available techniques in its new projects.
Its own experts as well as the relevant authorities continuously monitor and certify the company's compliance with risk management regulations, emission standards as well as health and safety programmes for its employees. Measures implemented in the past two years have considerably improved labour safety and significantly reduced environmental risks, the company also stressed.