Brzeg Dolny, Poland, Poland — PCC Rokita's polyurethane division business sales rose by 2% between the first three quarters of 2018 and 2019. They were PLN 538m ($ 139) in the first nine months of 2019. This compares with PLN 528m the 2018 period.
At the same time, EBITDA in the division increased by 4%. It hit PLN 34.3m in the 2019 period. This compares with PLN 33m the 2018 period.
Stagnation in furniture and automotive markets for flexible foam characterised the first three quarters of 2019, said Rokita . But it said there was good growth in the rigids sector for insulation.
Polyether polyols were easily available in Europe and Asia, and this led to price pressure across the period. PCC Rokita said that its polyester polyols business managed to increase prices in the third quarter of the year. Sales were up 100% in the first nine months of 2019 compared with the same period in 2018
PCC Prodex is the company's polyurethane systems business. This has focused on spray foam systems. This is performing well because of increasingly stringent building regulations demanding greater insulation.
The Company's Asian business, IRPC Polyol, suffered in the first nine months of the year. This is because of the easy availability of poyols, and aggressive local pricing.
Taking the company as a whole, sales were PLN 1.1 bn in the first three quarters of 2019. This is higher by 2% than the same period in 2018.
EBITDA across the business fell 10% and hit PLN 215m the period.
