Enka sells products into new markets in 2009

Colombian polymers and polyester synthetic fibres manufacturer Enka managed to reduce its losses in 2009, standing at COP 10.87bn (EUR 4.17mn USD 5.62mn), in comparison to 2008 (COP 27.0bn) because the company broke into new markets, especially in Europe. In addition, the firm improved operations, increased net revenues and obtained additional revenues because of the exchange rate with the US dollar.

Company Ebitda stood at COP 2.94bn in 2009, compared to COP 2.76bn in 2008. The company diversified and increased exports in 2009, compared to the previous year, by selling chemical products and textiles to new clients in Brazil, Mexico, Argentina, the US, Canada, France, Spain, Portugal, Italy, Netherlands, Belgium, Denmark, Norway, the Czech Republic and Turkey.

Publication: Esmerk - News monitoring
Provider: Esmerk
February 22, 2010