MOSCOW (MRC) -- Perstorp reported record fourth-quarter earnings before interest, depreciation, and amortisation (EBITDA) in 2021, said the company.
Swedish Perstorp defended and improved margins over and above increased variable cost as energy prices rose and logistics remained challenging. Performance was supported by healthy demand and outages at other producers, forcing Perstorp to keep or impose allocation for most products.
The resins and coatings segment was strengthened by the acquisition of US producer GEO’s dimethylolpropionic acid (DMPA) unit which gave Perstorp better access to polyurethane dispersions (PUD) technology for artificial leather.
"We are well positioned to take on a new year, having a robust foundation as a sustainable solutions provider with a diversified customer base, a growing partnership approach with our customers as well as formulation and application expertise. Our current view of 2022 is positive, while we are well aware of the geopolitical tensions and underlying volatility," said Perstorp president and CEO Jan Secher.
As per MRC, at the beginning of September, Perstorp shut down the phthalic anhydride production facility in the town of Nol (Nol, Sweden) for preventive maintenance. Perstorp shut down its 35 ktpa phthalic anhydride plant in Nola for the entire September due to scheduled maintenance. Repair of phthalic anhydride production is carried out simultaneously with repair of plasticizers production.
Earlier it was reported that Perstorp announced force majeure on 23 March for the supply of plasticizers from the plant in Stenungsund (Stenungsund, Sweden). A source in the company said that on 23 March, a force majeure was announced for the supply of dipropylheptyl phthalate (DPHP) with a capacity of 65 thousand tons per year due to a sudden stop of production at the supplier of raw materials on 19 March.
Perstorp Specialty Chemicals AB is a subsidiary of Perstorp Holding AB. The company was founded in 1881 and is based in Perstop, Sweden. Perstorp Specialty Chemicals AB manufactures chemical products. The company offers base and specialty polyols, formates, organic acids and formaldehyde products.
MRC