16 February 2011 13:17 [Source: ICIS news]
PRAGUE (ICIS)--Rompetrol Petrochemicals swung to a 2010 operating profit of $13.7m (€10.1m), compared with a 2009 operating loss of $13.6m, on improved margins, the Romanian company said on Wednesday.
Turnover rose 11% year on year to $265.7m, the company added.
The quantity of processed raw materials fell 16% as work got underway on an $18m investment aimed at lifting the capacity of its high density polyethylene (HDPE) plant in Navodari, eastern ?xml:namespace>
Last year also saw the completion of the company's automated Command and Control Centre platform which allows for the integrated tracking of operations, Rompetrol Petrochemicals said.
The company also has a 60,000 tonne/year low density polyethylene (LDPE) plant at Navodari.
It is a subsidiary of Rompetrol Group, which itself is fully owned by
($1 = €0.74)
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