Regardless of global economic tremors caused by the COVID-19 pandemic R&P Polyplastic managed to maintain the sales amount on the level of 2019. The enterprise increased profitability, implemented a number of large-scale projects and shaped plans for the future.
“When we were planning for the year 2020 of course no one could assume that there would be the pandemic and lockdown – we hoped to come close to 100 thousand tons of produced and sold materials. However, coronavirus made some corrections, which nevertheless did not stop us from achieving a very decent result. We managed to maintain our sales amounts on the level of 90 thousand tons, increase our revenue by 9% and EBITDA margin by 12.6%. By comparison: this figure in 2019 was 10.5%. Such results are the outcome of massive efforts of every member of our team,” said Andrey Menshov, managing partner of R&P Polyplastic.
Automanufacturers, producers of household appliances and construction materials remained the largest consumers of R&P Polyplastic in 2020– there share of the total volume of sales amounted to 76%.
In 2020, the company’s production plant in Engels (Saratov region) started shipments of materials for large exterior components for Hyundai automobiles localized in Russia. This is a unique achievement as the Korean producer has very high quality requirements and demands on material properties. R&P Polyplastic became the first Russian compounder, which managed to homologate its materials with this automanufacturer.
Production plant in Togliatti (Samara region) in 2020 started commercial production of a new brand assortment of products for bumpers and underhood space components for the latest Volkswagen Polo and Skoda Rapid. Closer to the end of the year, first production lots of materials for projects of the Renault-Nissan-Mitsubishi alliance were produced.
“For me the most important outcome of 2020 is that we managed to realize all our targets in key areas of activities and preserve jobs without decreasing the payroll rate – today’s staff size is 576. Workforce productivity is constantly rising and last year grew by 12.2%,” noted Alexander Pavlov, Director General of R&P Polyplastic.
One of the leading international rating agencies Coface in 2020 evaluated R&P Polyplastic’s stability and reliability and assigned a high B+ rate. Based on the analysis the enterprise is ranked as a company with stable financial position and a margin of safety necessary for successful operations in harsh business conditions.
The abovementioned allows the company to feel optimistic about the future. In 2021 R&P Polyplastic will celebrate its 30th Birthday. For this significant date, the company is planning to launch two state-of-the-art KraussMaffei BluePower twin screw extruders. Production capacity of the two lines will be very close to 20 thousand tons.