Brzeg Dolny Poland — Polyol Producer PCC Rokita had sales of PLN 1.5 bn ($369 m) in 2018, up by 15.9% on the previous financial year.
EBITDA across the business rose markedly by 28.2% and reached PLN 341m in 2018 year, according to the company's annual report. The company's overall numbers were boosted by strong performance from its Chloralkali segment.
The company's polyurethane segment increased sales 7% between 2017 and 2018 'despite the demanding market environment,' said the company.
Headwinds included high commodity prices as well as the high price of products on the market. This squeeze led to a 42% fall in EBITDA in the segment between 2017 and 2018.
2018 was a busy year for the polyurethane business at Rokita. The company bought a 25% interest in IRPC Polyol Company, which is based in Bangkok. The transaction value was PLN 6.1 m and PCC Rokita now owns 50% of the shares in the business.
In addition, the company bought of 50% new shares issued by Elpis. This company owns all the shares in a 'special purpose company dedicated to the implementation of a potential project in Malaysia,' according to the annual report. This transaction was valued at PLN 3m.
Currency conversion: XE.com
| PCC Rokita numbers 2018 (PLN m) | |||
|---|---|---|---|
| Group | 2018 | 2017 | Change % |
| Net Sales | 1490 | 1286 | 15.9 |
| EBITDA | 341 | 266 | 28.2 |
| Margin % | 22.9 | 20.7 | |
| Source: PCC Rokita | |||
