It also said it had a turnover of RON1.22 billion in the first half of 2022, up 7% on the year.
Sales on the external market, mostly on the markets across the European Union, represented in the first half of 2022 almost 90.79% of total sales.
“The financial results are lower than in the same period of 2021 as a result of skyrocketing prices of natural gas and electricity. It is essential that we have the same economic environment as our big European and global competitors which benefit from better prices for basic resources. This way, their products are cheaper and invade the Romanian market and neighboring countries, thus widening Romania’s trade gap”, according to Chimcomplex officials.
They also said the volatile energy market raises major concerns, adding this is the reason why the company focuses on investments targeting its energy independence.
Chimcomplex, held by Stefan Vuza, has an investment plan of EUR2.4 billion until 2024, as per the latest data. In 2018, the company took over the assets of Oltchim and became the largest Romanian-held exporter.