The company reported loss of almost RON88 million for the first nine months of 2025, compared to net profit of RON9.6 million reported for the same period of 2024.
Lower demand in the European market, reduced prices driven by non-EU imports and high energy costs influenced the results of all producers in the region, including those of Chimcomplex.
Domestic sales reached RON299 million, 2% above the 2024 level despite the slowdown of the Romanian economy in 2025 and the negative impact on consumption generated by the measures adopted to reduce the budget deficit. External markets saw a decline due to strong competition from extraEuropean exporters that continue to offer prices below European production costs.
“On the foreign market, product deliveries decreased by 34% amid fierce competition on the prices of macromolecular products generated by a reorientation of Asian exports to Europe, in the absence of the anti-dumping measures claimed by European producers to the European Commission. Instead of engaging in a totally unsustainable race of price decreases, Chimcomplex preferred to reduce its deliveries, the additional stocks will be able to be valued under the conditions of restoring prices in line with European production costs. In parallel, Chimcomplex has taken steps to strengthen the sales team by setting up a business development department to facilitate the approach to customer needs and to capitalize on untapped opportunities in certain market niches,” the company’s financial report reads.
The petrochemical segment generated 44% of revenues (RON375.5 million), while chlor-alkali products accounted for 42.7% (RON361.7 million). The oxo-alcohol market remains affected by low-priced imports from Asia, which led to the continuation of the temporary production shutdown. Reduced demand in the automotive and comfort sectors also influenced the volume of polyols sold.
At the international level, Europe remains the main market for Chimcomplex. At the same time, the South American market offered an important signal regarding the proper functioning of international trade mechanisms. In Brazil, the application of antidumping measures led to a 118% increase in Chimcomplex sales compared with the same period of 2024.
Cosmin Șoaită, CEO of Chimcomplex: “In Europe, antidumping measures are still delayed, penalizing European producers. The result in Brazil shows that when the market operates within fair limits and reflects real production costs, Chimcomplex responds quickly and recovers sales. The 118% growth in this market shows our potential when competition is balanced. We are ready to turn the restoration of such conditions into profitability and to continue the strategic directions that strengthened the role of Chimcomplex in the region.”
In the first nine months of 2025, the company made investments of RON52.8 million, fully funded from its own resources. The Onesti platform recorded investments of RON32 million and the Ramnicu Valcea platform engulfed RON20.8 million. Two strategic projects are under implementation: the new polyepoxide production unit, with a total value of RON504 million and scheduled for completion in 2027, and the 14 MWh photovoltaic park in Onesti, which is due for completion in 2026.
“Chimcomplex once again received international recognition for sustainability performance. The company received the EcoVadis Silver Medal and ranks in the Top 15% of companies evaluated globally. The result confirms the strength of our management systems and our ongoing commitment to responsibility, transparency and sustainable development. The distinction shows that despite economic pressures in the industry, we maintain high standards in areas such as environment, ethics, human rights and sustainable procurement and continue to invest in a responsible business model,” added Cosmin Soaita.
Chimcomplex, valued at RON2.6 billion by investors, is 84.5%-owned by CRC Alchemy Holding, the investment vehicle held by Stefan Vuza, and 9% by the Romanian State.
CRC shares have traded 25.2% lower so far in 2025, amid deals worth RON15.2 million, per stock market data.