“We are coming after a period in which our group has had a healthy growth and has consolidated the position among the best performing companies in the regional chemical industry. We are now facing unprecedented socio-economic challenges in the context of the war in Ukraine. We are determined to counteract the negative market trends and preserve the stability of the company, by reducing the economic loss we already feel,” according to representatives of Chimcomplex Borzesti.
The company’s immediate actions are as follows: the Chimcomplex Borzesti platform enters into general overhaul for a minimum of three weeks. Overhaul is an operation necessary to improve equipment and manufacturing technologies (streamlining production, reducing energy consumption); the company is forced to reconsider the activities of the production sections, in order to restructure them to remain profitable, in the context of an increase in costs for raw materials. “Chimcomplex employees are still an absolute priority for the company. We are trying to find solutions to protect them, but if energy prices do not recover, we are in a situation where we will have to follow up on the collective redundancy programme, after the period of technical unemployment”, company officials also said.
The company is also considering the closure of some sections as follows: on the Chimcomplex Borzesti platform, the activity of the Soda Section will be reduced by half. On the Chimcomplex Borzesti Rm. Valcea platform, three gas-consuming sections will be closed indefinitely. The company will proceed to merging the divisions in the territory.
Chimcomplex will continue to focus attention on maximizing the production of polyols/ polyethers and the manufacture of products for which low energy consumption is required, which will minimizes dependence on gas and energy; ongoing investment programs and actions to preserve its competitive advantages, ensuring the necessary consumption of vital products for industries in Romania and neighboring countries; to value national resources, in line with best practices, to help national and international industries achieve their goals and produce the materials that society needs; to be be the partner of its customers for the development of products and services that bring high value and that at the same time efficiently manufacture essential chemicals.
“We remain realistic, we make action scenarios, with vigilance in the face of economic changes lacking predictability and coverage in the market. We are following the evolution of the global and regional energy situation and we will constantly adapt to get through these turbulent times,” company representatives added.