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The Annual Performance of Sennics Is Stable

Time:2019-05-30     Author:Gianroitire【Reserved】

On April 22, Sinochem Group Co., Ltd., the parent company of Sennics Co., Ltd., released its annual report of 2018.

In the annual report, it disclosed the annual business performance of Sennics and put forward its opinions on the future development trend of the additive industry. In 2018, Sennics realized consolidated revenue of RMB 2.94 Billion Yuan and consolidated net profit of RMB 535 Million Yuan, and the annual production and sales of rubber anti-aging agent were 175,000 tons and 174,600 tons respectively. Its 6PPD products were in a leading position in the domestic market, and its overseas market share was also rising continuously. In the whole year, the average price of anti-aging agent products increased by 2% on a year-on-year basis.

Regarding the future trend of the industry, Sinochem pointed out that the tire industry was the support and guarantee for the stable growth of the rubber chemicals industry. At present, Asia has accounted for nearly half of the global market share, and it is expected that there is still room for further improvement in the future. More high-quality auxiliary products are required for radial and green tires, and auxiliary enterprises need to develop from quantitative change to qualitative change. 

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