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The chemical industries return to the production of road paints, and their profits amount to two billion pounds

2022-01-19T17:43:18.161Z


Damascus, SANA- The General Company for Chemical Industries and Paints (Umayya) achieved profits of two billion Syrian pounds during


Damascus-SANA

The General Company for Chemical Industries and Paints (Umayya) achieved profits of two billion Syrian pounds during the year 2021, according to its production and marketing report issued today.

According to the report, the company produced during the past year of various types of plastic and oil paints worth 7 billion pounds, with a growth rate of 175 percent of the production in 2020, which recorded a value of 4 billion pounds, and the value of sales amounted to about 6 billion pounds, with an increase rate of 150 percent from the year 2020 to be The realized profits are estimated at more than two billion pounds.

The director of the chemical company, Mazen Al-Boutros, explained in a statement to SANA’s representative that the company has sought during the past period to secure raw materials at reasonable prices, in addition to controlling waste in energy factors and raw materials, which made the price of its products competitive in the local market, where it is lower than its counterparts by between 40 and 50 percent, while maintaining quality. Conformity with the Syrian standard specifications.

Al-Boutros revealed that the company’s cadres were able to rehabilitate the main machine in the thermoplast department, which had been parked for years, and return it to work with a production capacity of 2 tons per day for the production of road paints, which the Umayya company is unique in producing in Syria, which opens the way for the supply of this material to the General Organization for Road Transport, which This article currently imports what reduces import and opens a new business front for the company that increases its revenue.

Al-Boutros pointed out that the company is facing difficulties represented by the lack of technical labor, the supply of machinery, the spread of commercial products in violation of the Syrian standard specifications in the market, and the resort of citizens to use them due to their weak purchasing power, in addition to the weak bidding progress.

Ahmed Souliman

Source: sena

All business articles on 2022-01-19

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