Business news

R&P POLYPLASTIC is planning 8 billion rubles net sales this year

.

On Friday, R&P POLYPLASTIC announced its financial results for 2017 third quarter.  Trade House Polyplastic is ahead the sales plan. The volume of sales is up 12% compared with prior year period.

Analysts from R&P POLYPLASTIC attribute the company’s success to the low base effect of the previous accounting period and stronger purchasing power of Russians. The automotive market was stagnating for the previous two years but this year Russian citizens started to renew their vehicle stock and real figures confirm this trend. Autocomponent producers showed very high performance this year. Procurement volume of compound materials showed a 19% increase.

The list of Top-10 major clients is stable. However, export sales grew by 30%. Most demanded product portfolio consists of three fields of application – automotive manufacturing, development of household appliances and construction.

The largest manufacturing site remains in Engels (Saratov region). More than 66% of the total amount of products is manufactured there. This year R&P POLYPLASTIC also started a recycling project and successfully used secondary materials in the manufacturing process.

The closing conference also recognized achievements in cost saving. This trend will continue to be dominant next year when R&P POLYPLASTIC is planning to launch a manufacturing automation program “Digital Manufacturing”.  

According to R&P POLYPLASTIC managing partner Andrej Menshov, next year investments shall be considerably larger. He also thanked everyone for their contribution into the prosperity of the company.