28th January R&P Polyplastic has summed up the financial results of 2018. It is worth mentioning that the previous year hit record highs in various key indicators. For the first time in the company’s history production personnel and sales managers manufactured and sold more than 80 thousand tons of polymer compound materials.
Compared with 2017 the sales gain was 4,5%. However, the structure of consumption has not changed. Manufacturers of auto components, household appliances and construction materials remain our main customers and consume 36%, 24% and 17% of the products accordingly. There has been significant progress in supplying to the European market. Within the Export Boost program, materials have been shipped to customers in the Baltic States and Western Europe.
Participants of the conference mentioned some problems, which R&P POLYPLASTIC had to face in 2018. “Depreciation of the national currency led to an increase in prices of foreign raw materials. Another issue is the advanced growth of prices of basic polymers including polypropylene,” said the company’s managing partner Andrey Menshov.
In conclusion, management of the Russian compounder thanked all employees for the achieved results and wished them success in 2019.