24/09/2018

Press release: The proceeds of Group of Companies Metafrax in the first half of the year increased by 20%

The proceeds of the Group of Companies Metafrax for 6 months of 2018 reached 26 billion rubles which is 20% higher than in the same period in 2017.

The main direction of capital investments was the construction of the "Ammonia-urea-melamine" complex, the volume of investments in which in the first half of 2018 amounted to about 1 billion rubles. By mid-August, the site of the AUM complex in Gubakha received equipment worth 13.5 million euros.

105 million rubles invested in the technical re-equipment of the crystallization unit for commercial pentaerythritol; 102 million rubles - technical re-equipment of the railway tank car treatment station; 94 million rubles is aimed at the reconstruction of the water supply and disposal system. The projected volume of capital investments of the group for the second half of 2018 is estimated at 10 billion rubles.

Armen Garslyan, Chairman of the Board of Directors of PJSC Metafrax:

"The growth in revenue is due to favorable market conditions. The production sites of the Group's enterprises operate at full capacity. In addition, the sales strategy is focused on different markets - the company reacts swiftly to their fluctuations and has achieved some success in optimizing logistics. All this allows to minimize unforeseen expenses. We expect that by the end of 2018 the consolidated revenue of the group will reach 50 billion rubles".

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