Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
March 26, 2021 03:09 PM

A strong 2020 for PCC Rokita

Simon Robinson
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Brzeg Dolny, Poland – Sales in PCC Rokita's polyurethanes business increased by 5.5% between 2020 and 2021, at PLN 752m ($190m) in 2021. EBITDA across in the division rose by 165% to PLN 118.7m in 2021.

    The company said that demand for its polyols revived towards the end of the first half of the year. In the final quarter of the year, there was high demand for polyols and tight market supply. The company said that this translated to profit 'at the highest level' in its history. 

    PCC Rokita numbers 2021 (PLN m)
    Group 2021 2020 Change %
    Sales 1476.0 1492.0 -1.1
    EBITDA 332.0 278.0 19.4
    Margin % 22.5 18.6
    Polyurethanes
    Sales 752.0 713.1 5.46
    EBITDA 118.7 44.8 164.96
    Margin % 15.8 6.3
    Source: PCC Rokita

    Performance in the second half of 2020 was so much better than the first half of the year that, it said, 2020 was the 'best period ever' for the polyester polyols business.

    Over the course of 2020, flexible foam consumption and demand for polyester polyols was high, despite short term falls in demand in April and May because of the coronavirus pandemic. PCC Rokita entered the spot market to make up for smaller volumes than were contracted.

    After the summer, PCC Rokita refocused its production towards higher value polyols. It also managed a price increase greater than the indexed price rises it has been forced to take in the past. This was welcome because margins were at the lowest levels after three years of indexed price rises, it said.

    Supply tightness continued in to the fourth quarter and PCC Rokita continued to supply polyol into a tight market. As a result, it said, 2020 unexpectedly became the best period of the polyether polyols business in terms of results.

    The company's polyester polyols sales were less impressive, and were slower than hoped, with the market well supplied in the first eight months of 2020. 

    Sales at polyurethane systems subsidiary PCC Prodex grew by more than 10% in 2020 because of increasing demand for spray polyurethane systems. This led to a 25% increase in sales volumes in the year. 

    In southeast Asia, Rokita said its IRPC polyol business found 2020 was the best year since 2017; volumes and margins increased in first quarter until lockdowns hit business. But favourable strategic purchases of propylene oxide and helpful currency movements put the second quarter in the black.

    Demand for polyols rebounded in the second half of the year as companies started making refrigerators and furniture for the US and Europe. Increased demand and planned competitor shutdowns helped prices to rise in the region in the final quarter of 2020, boosting IRPC, said PCC Rokita. 

    Looking across the company, PCC Rokita generated PLN1.5bn in sales in 2020, down 1.1% on the previous financial year. EBITDA across the business rose by 19.4% to PLN 332m a rise of PLN 54m. 

    Currency conversion: XE.com

    Recommended for You
    UTECH Awards 2024 nominations open
    UTECH Europe 2024 – Polyurethane Awards open for entries
    corn maize 800
    BASF deal with Qore secures supply of raw material for biobased TPU
    Novel XDI-based crosslinker creates flexible adhesives with good recovery
    Novel XDI-based crosslinker creates flexible adhesives with good recovery
    Latest Issue
    urethanes technology
    Get the latest edition here
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe