AdBlue® manufacturer SIA “CrossChem” has opened a new factory 90 kilometers from the Hungarian capital Budapest. This is the 17th CrossChem plant to open 4 million AdBlue® liters per month. This step of the company’s development is natural, considering the company’s growth and financial indicators – CrossChem’s turnover in the first quarter of this year exceeded 4.6 million euros, which is 20% more than in the same period last year.
The newly opened plant in the Jászberény area will ensure full-cycle production, including packaging of goods. “CrossChem” team of Latvian technical specialists, in cooperation with Hungarian colleagues, within three weeks, under strict COVID-19 restrictions, performed the necessary assembly, installation and training works, which will ensure AdBlue® production in accordance with high international standards. Work on the plant took almost a year, but despite the restrictions imposed by the pandemic, the plant was opened on April 27, 2021.
The first quarter was particularly successful for the company, which is also confirmed by the company’s financial indicators. CrossChem’s turnover in the first quarter exceeded 4.6 million euros, which is 20% more than in the same period last year. The company has also managed to earn 60% of the gross profit of 2020 or 786,990 euros in the first three months.
“2021. CrossChem has started the year with great vigor. We implemented new ideas, as well as took several strategic actions to expand the company’s operations and develop new markets. The family business is becoming a global player in the world, ”he says Richard Anderson, director of SIA “CrossChem”.
Earlier this year, CrossChem signed a number of investment agreements totaling more than one million euros, thus ensuring the company’s sustainable development and increasing its competitiveness.
About the company:
SIA “CrossChem” is a 100% Latvian capital company and the only VDA certified diesel engine exhaust system treatment fluid AdBlue® manufacturer in the Baltics, which since 2007 has been providing the largest transport parks in Latvia and the world, filling station chains and countless end consumers with this important product for the transport industry. CrossChem has opened 17 AdBlue® manufacturing plants around the world as well as provides AdBlue® exports to more than 60 countries around the world.
SIA “CrossChem”
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