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Revenue of BSK in the first half of the year increased by 22%

July 12/2021

MOSCOW (MRC) - The Bashkir Soda Company (BSK, Sterlitamak) reported a record growth in revenue in the first half of the 2021 fiscal year, which reached 28.2 billion rubles, which shows an increase of 22% compared to the same the period of 2020 fiscal year, according to a press release from the company.

At the same time, the profit from sales increased by 37% and currently amounts to more than 10 billion rubles. It is also planned to set a historical record for adjusted net profit (excluding dividends received from subsidiaries), which will amount to 7.8 billion rubles. against 5.7 billion rubles. a year earlier.

The company associates the record growth of financial indicators with a favorable market situation in the sales market, an increase in sales of the main types of products, in particular, suspension polyvinyl chloride (PVC-S) and purified sodium bicarbonate.

"In 2021, the Bashkir Soda Company plans to strengthen its position, achieving high results. The market is not an easy situation, but despite this, we see opportunities for the strategic development and growth of BSC. We have already set goals for the next decade and will do our best in order to achieve them and improve the current indicators at times ", - said the general director of BSK Eduard Davydov.

Earlier it was reported that on December 4, 2020, the Arbitration Court of Bashkiria canceled the privatization of the BSC. In favor of Russia, 95.72% of the company's ordinary registered shares were reclaimed from the ownership of Regional Fund JSC, Bashkirskaya Khimiya JSC and Bashkirskaya Khimiya Trading House LLC. Prior to the court decision, the main shareholders of BSK were Bashkiria (38.28% through Regional Fund JSC) and Bashkhim JSC (57.18%).

Bashkhim received a controlling stake in BSK (57.18%), and Bashkiria received a blocking stake (38.28%) in 2013, when the Bashkirian OJSC Soda and OJSC Kaustik were merged into the holding. Before joining Soda to Caustic, Bashkiria owned 61.65% of the authorized capital of Soda, Bashkhim - 34.82%. Following the reorganization, Soda's shares were converted into additional shares in Caustic.

According to the ScanPlast of MRC, the Bashkir Soda Company (BSK) in May produced 23,800 tonnes, having retained the figure of the previous month. In January - May of this year, the total volume of resin production at the Bashkir enterprise reached 117,300 tonnes, which is 2% more than a year earlier.

JSC "Bashkir Soda Company" was formed in May 2013 by merging JSC "Soda" and JSC "Caustic". Today "BSK" is one of the largest chemical complexes in the country. The company ranks first in Russia in the production of soda ash and baking soda, and is also one of the leaders in the production of PVC, caustic soda and cable compounds.
Author:Anna Larionova
Tags:PVC, EPVC, SPVC, Bashkir Soda Company, Russia.
Category:General News
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