Czech chems industry losing sales worth up to Koruna200m/day

16 August 2002 15:58  [Source: ICIS news]

PRAGUE (CNI)--The Czech chemical industry is losing up to Koruna200m (about $6.3m/Euro6.5m) per day in lost sales revenues in the wake of the country’s worst floods in over 100 years.

Frantisek Dvorak, director of the Association of the Chemical Industry of the Czech Republic (SCHP), told CNI on Friday that six of its key members, situated on the rivers Labe and Vltava north of Prague, had been forced to close because of the flooding.

They included polyvinyl chloride (PVC) maker Spolana in Neratovice; styrene producer Kaucuk in Kralupy nad Vltavou; fertiliser producer Lovochemie in Lovosice; and inorganic chemicals producer Spolchemie in Usti nad Labem. Ceska Rafinerska’s refinery at Kralupy nad Vltavou and pharmaceutical producer Chemopharma’s plant at Usti nad Labem completed the line-up.

Dvorak said that those six companies were losing in total between Koruna150m and Koruna200m in lost sales revenues per day.

The estimate is based on the average monthly sales of all six companies.

Ceska Rafinerska’s and Chemopharma’s lost revenues assessment could not be separated from the chemical companies’ assessment.

Chemical companies whose plants continued functioning because they were unaffected by the floods were not included in the assessment, even though their sales will certainly have suffered from flood-damaged infrastructure, said Dvorak.

“Their logistics have certainly been impaired by the closure of railway tracks, motorways and bridges, as well as huge traffic jams,” he said.

An assessment including their losses would be made within the next two or three weeks, he said.

No detailed assessment of potential damage to chemical plants, machinery and the structure of water-logged buildings has been made.

By: Mark Andress
+44 208 652 3214

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