11 November 2011 11:42 [Source: ICIS news]
BUCHAREST (ICIS)--Rompetrol’s petrochemicals business reported a net loss of $2.53m (€1.87m) for the first nine months of 2011, compared with a net loss of $454,460 in the same period last year, the company said on Friday.
Rompetrol Petrochemicals attributed its results to operating lower capacity rates and “to the bad economic context following the military conflict in ?xml:namespace>
The company’s turnover increased by 36% year on year to $292m.
The company is investing $18m to raise the capacity of its high density polyethylene (HDPE) plant at Navodari in eastern
The company also has a 60,000 tonne/year low density polyethylene (LDPE) plant at Navodari.
Rompetrol Petrochemicals is part of oil refiner Rompetrol Group, which is owned by Kazakhstan's KazMunaiGaz (KMG).
($1 = €0.74)
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