Polish film manufacturer reports further loss of earnings / Additional stretch film line for the Olawa plant
Earnings at the Ergis group (Warsaw / Poland; came under pressure again in 2018. Provisional figures show that EBITDA fell 18% to PLN 46.1m (EUR 10.7m), while the net result was down by around a third at PLN 14.05m. At the same time, sales increased 3.5% to PLN 776m.

The increase in raw material costs, in particular, caused problems for the company, since it was only able to adjust its own sales prices after a certain time lag. Ergis points out that in the course of 2018, purchasing costs increased by 20.7% for PET flakes and by 17.2% for virgin PET. Other negative factors included start-up problems with a new line for PET films and laminates at its German site in Berlin as well as increased labour costs.

The company's operating result for its rigid films business fell to almost zero after reaching just under PLN 9m in 2017. Its PET tape activities, by contrast, achieved the EBITDA targets, while the flexible PVC film and printed food packaging segments fell just short. For 2019, Ergis CEO Tadeusz Nowicki aims to improve the company's profitability, which decreased in 2017 – see of 30.01.2018. A new stretch film plant to be installed at its Polish site in Oława in the first half of 2019 and smoothly-running production at its PET film plant in Berlin / Germany should contribute to an increase in profits.
14.03.2019 [241972-0]
Published on 14.03.2019
Ergis: Polnischer Folienhersteller verzeichnet ErtragseinbußenGerman version of this article...

© 2001-2020  |  Imprint  |  Privacy  |  Cookie settings is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2020 by, Bad Homburg
Date of print: 22.09.2020 12:12:11   (Ref: 181761554)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: