Chimcomplex Borzești, the largest chemical plant producing polyols in Eastern Europe, announces measures to compensate for the negative impact of global energy instability, the company announced.

“We are coming to a time when our group has grown healthily and has established itself as one of the leading companies in the regional chemical industry. We are now facing unprecedented socio-economic challenges in the context of the war in Ukraine. We are determined to act to counteract the negative market trends and maintain the stability of the company, by reducing the economic losses we already feel,” said the representatives of Chimcomplex SA Borzești.

The immediate actions that Chimcomplex is considering to offset the negative impact of energy instability are:

• The Chimcomplex Borzești platform is undergoing a general overhaul for at least three weeks.
• Overhaul is a necessary operation to improve equipment and manufacturing technologies (streamlining production, reducing energy consumption).
• The company needs to reanalyze the activities of the production departments, in order to restructure them in order to remain profitable, in the new conditions of increasing the costs of raw materials.
• Chimcomplex employees continue to be a top priority for the company. We are trying to find solutions to protect them, but if energy prices do not recover, we are in a situation where we will have to follow the collective redundancy program, after the period of technical unemployment.
• The company is considering closing some sections as follows:
• On the Chimcomplex Borzești platform, the activity of the Soda Section will be reduced by half.
• On the Chimcomplex Borzești Rm. Vâlcea platform, three gas consuming sections will be closed indefinitely.

The company will proceed to merge the divisions in the territory. Chimcomplex will continue:

• to focus on maximizing the production of polyols / polyethers and the manufacture of products that require low energy consumption. It minimizes gas and energy dependence.
• ongoing investment programs and actions to maintain its competitive advantages, ensuring the need for consumption of vital products for industries in Romania and neighboring countries.
• valuing national resources, in line with best practices, to help national and international industries achieve their goals and produce the materials society needs.
• be the partner of its customers for the development of products and services that bring high value and at the same time, efficiently manufacture essential chemicals.

“We remain realistic, we make action scenarios, vigilant in the face of unpredictable economic changes and market coverage. We follow the evolution of the energy situation globally and regionally and we will constantly adapt to get through these turbulent times,” also stated the company’s representatives.