The revenue of Metafrax Chemicals in the 1-st half of the year increased by 7%
The revenue of PJSC «Metafrax» for 6 months of 2019 reached RUB 13 billion 160 million, that is exceeding by 7 % the corresponding figure of 2018.
The budget plan for the production of the market products is exceeded by RUB 545 million, means by more than 4%. For the Ist half of 2019, the market products were produced for the amount of RUB 13 billion 639 million. - This is by RUB 1 billion 156 million, or by 9.3%, higher than for the corresponding figure of the previous year. The share of methanol in the total amount of the market products amounted to 55%. The share of exports in sales amounted to 43%.
According to the General Director of Metafrax, Mr. Vladimir Daut, high financial performance is caused by the favorable market conditions and growth of production volumes. «To fulfill all our plans and obligations, we have to perform qualitatively and strictly in the allotted time the scheduled maintenance of the methanol plant and carry out a big scope of work for the integration of the “Ammonia-Urea-Melamine Complex”, being under construction, in the existing production» - commented Mr. Vladimir Daut. The General Director also said that the Company began to work out a program for the development of the enterprise for the period of 2020-2025.