Brzeg Dolny, Poland – Polyols producer PCC Rokita’s sales during the first quarter of 2016 were PLN 281.6m ($71.6m) up 10.6% on the same period in 2015, the company said.
The firm's gross margin improved by almost 9% to 26.1% primarily because of increased margins in its chloralkalai business as its change to membrane technology reduced electricity consumption.
Rokita said that polyols revenue in the quarter was PLN 137m this was driven by record sales in the first quarter of 20.6 kT, up 8.6% compared to the first quarter of 2015.
This came from "large demand from manufacturers of flexible foam (furniture industry), and better optimisation of capacity. There was considerable growth in exports to Turkey. Despite the increase in volume sales were lower because of lower raw materials prices. However, input prices fell faster than the price of finished polyols and this "helped to maintain margins at a high level," the company added.