This Company was founded in 1959 by the father of current Chairman and shareholder of the company. It started producing filament and staple of nylon and polyester, competing with some domestic manufacturers as DuPont, which manufactured nylon fiber and rodhia polyester yarn. In 1968, the Company set up a partnership with AKZO, a Dutch company, which held 40% of the company’s shares. In 1980, local shareholders bought AKZO’s stock back.
Its industrial plant is located in Buenos Aires province, 60 minutes drive from Buenos Aires city, on 400.000 m2 (4.000.000 sq.ft.) land, with 70,000 m2 (700,000 sq.ft) roofed area.
The 40% of its revenues come from Polyester Textured Yarn (PTY), another 40% come from Polyester Fibers and the rest is split between Polyester Polymers and Partially Oriented Yarn (POY).
The Company manufactures its fiber and polyester yarn products through a modern continuous poly-condensation unit (CPU) from Purified Terephtalic Acid (PTA) and Ethylene Glycol (MEG), both raw materials not produced in Argentina and which are imported mainly from Mexico, Brazil and USA.
It is the sole producer in Argentina and one of the two ones in South America.
Their annual production capacity is:
PTY 18.000 tons
Polyester fiber 20.000 tons
Polyester polymers 6.000 tons
POY 20.000 tons
Company sales are 45% yarn, 40% fiber and 15% other products.
Domestic market in tons represents 60% of its sales and exports to Brazil 40%.
The Company invested about of 9M USD in 2011-12 in order to expand its production capacity in its present products and the manufacture of new products (geo textils) which
will allow the company to increase its sales in 20M USD/year.
2013 Turnover=$106mn, EBITDA=$6.8mn.
Ask for the more detailed report to understand what has the Company done to increase its Turnover and EBITDA margins in the near future.