“Metafrax" summed up the results of 2014

At JSC "Metafrax" the results of 2014 were summed up. During this period "Metafrax" manufactured the market products to the amount of 13 bln and 136 mln RUB. It is 928 mln RUB or 7.6% higher than last year’s corresponding figures.

Sales proceeds reached 13 bln and 144 mln RUB. It is 846 mln RUB or 6.9% more than last year. The share of exports in sales was 38.7%, while in 2013 it was 41.2%.

Social package of the company reached 165 mln RUB.

For 12 months of 2014 actual production of methanol reached 971 KT, which is 45 KT less than in 2013. Production of UFC increased by 12.5 KT and represented 200.5 KT. Formaldehyde production also increased by 37.3 KT, or by 12%, reaching 347.1 KT by the end of the year. Hexamine production was 27.3 KT (+ 6.6 KT, or + 32%). Pentaerythritol production was 21.9 KT (+ 4%), block polyamide - 700 tons.
Investment amount for 2014 was 1 bln 87 mln RUB. It doubles the level of 2013.

According to preliminary data, net profit earned by the company for 2014 performed 4.7 bln RUB. It is 1.5 bln RUB or 45% more than in 2013.

Armen Garslyan, the chairman of the Board of Directors observes on the results of JSC "Metafrax":
- Growth of figures is determined by production’s growth, export prices’ growth and gain of exchange at the end of the year. Moreover, high financial result is related to the effect of the ongoing enterprise’s modernization.