Ercros obtains a profit of EUR 9.42 million
Barcelona
Ercros has concluded the first quarter of 2018 with a profit of EUR 9.42 million, 2% higher than that obtained in the same period of the previous year.
After the cessation of the electrolytic plants operating with mercury technology, at the end of 2017, this has been the first quarter in which all chlorine-caustic soda production has been made using membrane technology from the existing plants and new ones that have come into operation between the end of 2017 and the beginning of 2018.
The capacity reduction as well as the calendar of entry into operation of these new plants has meant that in this first quarter of the year, as expected, less chlorine has been produced than in the same quarter of the previous year. Despite this, the benefit has increased thanks to the strength of most of our markets, which is especially noteworthy in the case of caustic soda. In 2018, this product is even managing to overcome the sharp rise in prices initiated last year (+75.5%). The reason for this increase is the good general economy performance but also due to the global decline in supply as a result of the reduction in capacity experienced in Europe as a result of the technological change.
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After the cessation of the electrolytic plants operating with mercury technology, at the end of 2017, this has been the first quarter in which all chlorine-caustic soda production has been made using membrane technology from the existing plants and new ones that have come into operation between the end of 2017 and the beginning of 2018.
The capacity reduction as well as the calendar of entry into operation of these new plants has meant that in this first quarter of the year, as expected, less chlorine has been produced than in the same quarter of the previous year. Despite this, the benefit has increased thanks to the strength of most of our markets, which is especially noteworthy in the case of caustic soda. In 2018, this product is even managing to overcome the sharp rise in prices initiated last year (+75.5%). The reason for this increase is the good general economy performance but also due to the global decline in supply as a result of the reduction in capacity experienced in Europe as a result of the technological change.
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