Ramnicu, Romania — Polyol segment sales at Oltchim grew 24% in 2017, by RON 38.8 m ($10.3 m) to RON 202m, compared with RON 163 m in 2016.
The company said: 'The recovery of the foreign markets has been gradually made.' It added that this has helped increase turnover, and also showed 'that the company is able to deliver products constantly to its partners'.
The firm highlighted that in 2017 it had invested RON 700,000 to build a loading platform for triol and rigid polyols. Loading and handling the materials should now be safer and more efficient, the company said.
Overall, the company's sales rose in 2017 to reach RON 970m, compared with RON 754 m in 2016. Gross profit across the business rose from RON 35m in 2016 to RON 65 m in 2017.
In total 77% of sales in 2017 went to companies in the EU compared with 73% in 2016. The value of goods purchased from EU partners was EUR 31m, the value of exports was EUR 163m, Oltchim added.