R&P Polyplastic announces full-year 2019 financial results

R&P Polyplastic announces…

Research and Production Enterprise “Polyplastic” announced Full-Year 2019 Financial Results. The conference was held in its Head Office in Moscow. The first to talk was Director General of Trade House “Polyplastic” Pavel Kruglov. He finalized the results of the company’s overall sales. The largest customers by application traditionally were auto manufacturers (31%), producers of household appliances (26%) and construction materials (18%). Total sales of produced compound materials amounted to 89 thousand tons. Together with trading operations, total sales were slightly over 90 thousand tons. 

Anna Potapova, Head of Market Development Department summarized the results of the year’s work in the area of implementing new materials. Among successful projects, she particularly noted the launch of serial production of materials for bumpers of latest Renault Arkana and successful tests of bumpers for Hyundai model range. 

In conclusion of the event Managing Partner of R&P Polyplastic Andrey Menshov summarized the financial results: “In 2019 net profit increased by 8% and amounted to 726 million Rubles (over 10 million Euros), company’s revenue reached 10 billion Rubles. In 2020 we are planning not to only to substantially raise our production volumes but also to improve our financial results”. 

Management of R&P Polyplastic thanks the company’s team for achieving such great results!