Estonia
Poland
Finland
Italy
Latvia
In the first six months of 2024, the Latvian chemical product manufacturer CrossChem SIA’s revenues reached EUR12.6m, which is 33% more than in the corresponding period of the previous financial year.
29.08.2024.
EBITDA reached EUR 0.86m, which is 47% more than a year earlier. Equity capital remained almost unchanged at the level of EUR 5.9m, the total value of assets increased by 10%, reaching EUR 16.3m the ratio of share capital to assets was 36%.
“This year has started successfully for us, taking into account the changing conditions in the world, we have been able to increase profit and turnover. Newly introduced auto cosmetic, industrial and household chemical products gain the trust of customers. Excellent teamwork and newly joined professionals provide a solid foundation for the Company’s future growth.” says Richard Anderson, Chairman of the Board of CrossChem.
In the first 6 months of 2024, additional production sites became operational in Poland, the Czech Republic and Moldova. New representative offices in Turkmenistan and Iceland also joined the CrossChem group.
CrossChem Ltd is a 100% Latvian capital company that is part of the CrossChem International group and is part of a worldwide chain of manufacturers and distributors of chemical products. The Company’s business is based on the production of sustainable and environmentally friendly products, which, by combining world experience, allows to reduce costs and increase competitiveness. SIA CrossChem produces AdBlue®, AUS40®, liquid fertilizers and auto chemicals, as well as provides a range of services related to these products.
