Russia’s Metafrax doubles polyamide capacity06 Apr 2010 • by Natalie Aster
Russian chemicals manufacturer Metafrax has opened a new polyamide plant at its production site in Gubakha, Russia.
The company invested around €7m to establish the new 1,550 tpa facility, located in the Perm region north east of Moscow. It will double the firm’s existing polyamide capacity.
This project represents further diversification for the chemicals group whose main production is focused on methanol and its derivatives. Production will be aimed primarily at the Russian market although some output will be exported, said the company.
Recently, Metafrax announced annual sales for 2009, down by 29% in the face of adverse market conditions at €141m. Its net profit at €12m was down by 67% for the year against the 2008 figure of €43m.
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