Brzeg Dolny, Poland – Polyols and chemical producer PCC Rokita reported an H1 2016 EBITDA of PLN 106.2m (EUR 24.6m), a record half for the company it said.
The firm said the increase on profit compared to the same period 2015 was PLN 53.3m – up 100.9%.
Net profit also increased from PLN 19.2 m in H1 2015 to PLN 65.3m in H1 2016.
“The difference in the results between the first half of 2015 and the current inter alia is due to [cost of] a series of installations in the first quarter of 2015 to switch systems for chlorine production to the new membrane technology,” the report said.
Declines in the prices of raw materials also impacted profit margins allowing PCC Rokita to reduce manufacturing costs of the main product, the firm said.
At the beginning Q2 2016 PCC Rokita completed construction of a plant for the production of prepolymers. “This installation will allow the production of a new family of products, which are used in industries such as the construction industry and furniture, and also used for sports surfaces,” the firm said.