During the upcoming years CrossChem International plans to open 10-15 new factories globally.

CrossChem plans to maintain its last year’s level of revenue

SIA CrossChem, manufacturer of diesel engine exhaust fluid AdBlue, this year plans to maintain its EBITDA at 6-7% level, just like in 2022, CEO of the company Ričards Andersons told LETA.

He explained that CrossChem International has a clearly outlined development plan until up to 2030 and it is planned to be executed, becoming a significant player in the global chemicals industry. The company plans to continue issuing securities, attracting even more new financing to execute the development plans, CrossChem also plans to continue expanding the geographical borders of its operations and the range of products and services offered.

Andersons explained that the global economy and political fight presents new obstacles to all businessmen. Considering Latvia’s dependence on global processes, a difficult next nine to 12 months can be predicted, during which we expect rather significant changes to the economy and, perhaps, more intense outflow of workforce and company bankruptcies.

“Despite the rather pessimistic outlook towards geopolitics and the global economy, we do not plan to slow down our development, because we believe that good chemicals will always be necessary,” Andersons added.

During the upcoming years CrossChem International plans to open 10-15 new factories globally. In the Baltics, CrossChem plans to continue development of its chemistry infrastructure, in order to offer clients new products.

SIA CrossChem is a 100% Latvian capital company, which is part of the CrossChem International group – a chain of worldwide chemical product producers and distributors. The basis of the business is the production of sustainable and environmentally friendly products, which, by combining global experience, allows to reduce costs and increase competitiveness. The company produces AdBlue®, AUS40®, liquid fertilizers and automotive products and in parallel provides a range of services related to these products.

Contact person:
Ričards Andersons
Chairman of the Management Board, SIA “CrossChem”
E-mail: board@crosschem.lv

Certified adviser:
ZAB Eversheds Sutherland Bitāns SIA
Contact person: Justīne Ignatavičute
E-mail: justine.ignatavicute@eversheds-sutherland.lv
Phone: +371 28665066