Polyplastic increased shipments both inside the country and abroad, introduced a number of important measures, successfully underwent audits of leading auto manufacturers and received high scores for financial stability and corporate social responsibility system.
Throughout the year the Group was committed to ensuring workplace safety and continuity of production and assistance. Investment in product innovation and a new in-company ‘digital culture’ continued apace.
The start of the fiscal year 2020/21 was particularly challenging due to the first Corona lockdown imposed in Austria almost at the same time and the worldwide spread of the pandemic.
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.
The Board of Directors reviewed and approved “MOL Group 2030+”, an update of the company’s long-term strategy fully integrated with a new sustainability strategy and complemented with a longer-term vision and ambitions beyond 2030.
Vecoplan is currently running as profitably as in the previous year - and after the first half of the year, revenue was even at the previous year’s level. Reason enough to continue to invest in production modernisation and personnel.
Following the third quarter, Lanxess is confirming and narrowing the corridor for the guidance for 2020 and now expects EBITDA pre exceptionals for the full year to come in between EUR 820 million and EUR 880 million.
At month-end August, sales volumes of Trade House “Polyplastic” grew by 5% comparing to results of August 2019 and reached 9 thousand tons.
Research and Production Enterprise “Polyplastic” continues to weather the crisis, however results of the first half of this year were significantly influenced by the coronavirus pandemic.
Lanxess is continuing to weather the crisis well and is confirming its forecast for the full year. The specialty chemicals company still anticipates EBITDA pre exceptionals of between EUR 800 million and EUR 900 million for 2020.
The financial year 2019/20, which ended on 31 March, marks a special milestone in Erema's corporate history.
Total packaging industry deals for February 2020 worth $823.28m were announced globally, according to GlobalData’s deals database.