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Both the naphthenics and bitumen business showed a good start into the year even though the bitumen season in the Nordic countries had not started yet. Operating result before depreciation (EBITDA) amounted to SEK 151 million, compared to SEK 51 million last year adjusted for a one-off discontinued tolling agreement of SEK 262 million.
"After a difficult year in 2016 the first quarter of 2017 showed the first signs of improvement. Demand was strong for both the naphthenics and bitumen business and margins for our naphthenic specialty oils improved compared to last year," commented Gert Wendroth, President and CEO of Nynas AB.
For further information, please contact:
Hans Östlin, Communications Director Nynas AB
Tel.: +46 (0)708 93 19 75
Head of Secondary Distribution since 2011, Rogier oversees and coordinates transport-related (when the product ends up on wheels) issues across the globe with suppliers, naphthenic affiliates and customers. He joined Nynas in 2005 as General Manager Naphthenics Benelux, after having worked for 20 years at a major French oil company. Rogier holds a Master’s degree in Business Management, and has also studied Mechanical Engineering. Find out what's on his mind.Read more about The brains of Nynas: Rogier van Hoof
The world’s third most widely used synthetic plastic polymer, polyvinyl chloride (PVC), is used in a large variety of construction materials as well as in many other applications such as bottles, packaging and inflatables. By using Nynas naphthenic oils as an external lubricant additive in PVC, the material’s performance is significantly improved.Read more about A versatile material