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PRODUCT RANGE
Methanol technical
Urea formaldehyde concentrate
Formalin technical
Concentrated low-methanol formalin
Pentaerythritol technical
Dipentaerythritol technical
Pentaerythritol technical micronized
Hexamethylenetetramine technical
Hexamethylenetetramine micronized
Caprolon (block polyamide 6)
Granulated polyamide 6
Sodium formate technical
Aqueous sodium formate solution
Aqueous urotropine solution
Crude methanol

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Ecology

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Strategy for Human Resources Management till 2020

CORPORATE NEWSPAPER

COMPANIES OF METAFRAX GROUP
LLC Metadynea
LLC Metafrax Trading
JSC Karbolit
LLC Metafrax-Inform
LLC MetaTransStroy
Metadynea Austria GmbH
Metafrax Trading International SA

Russia, Gubaha, Perm region, 618250
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NEWS
23May
2020
"Metafrax Trading International" and "Metadynea Austria" companies reach planned targets in the 1st quarter of 2020

Last week, the working meetings of the heads of "Metafrax Group" were held as video conferences to review the businesses of "Metafrax Trading International" and "Metadynea Austria". The participants discussed the results of the companies' performance in the first quarter of 2020 as well as reviewed various forecast scenarios for the second quarter and the current year.

Based on the results of operations in January-March of 2020, the companies achieved all of the planned values – both in terms of volume and profit.  According to Armen Garslyan, Chairman of the Board of Directors of PJSC "Metafrax", this indicates the correctness of decisions made earlier based on the situation analysis for the commodity and financial markets. As a result, the companies met the economic crisis of 2020 in a more prepared way.

There is a significant decrease in demand for products in the entire chemical industry in the second quarter of 2020 due to the COVID-19 pandemic. A set of anti-crisis measures is being taken in order to mitigate these consequences for companies of "Metafrax Group".

- We continue to work on all investment projects that were launched earlier. We temporarily suspend the implementation of projects that have not entered the active stage – at all production sites, including the site in Krems, Austria. At the same time, we are trying to respond to the challenges of the time as quickly as possible. Thus, the "Metadynea Austria" company established the production of an ethanol-based disinfectant in April. The production of almost 700 tons of highly demanded antiseptic is planned in April-May. Therefore, we are involved in solving issues related to lessening of the epidemic consequences  and at the same time - we are increasing the capacity utilization of the company in a difficult period for the economy. We are also working with the government of Austria for provision of possible measures of state support to the enterprise in terms of credit provision to maintain liquidity and to subsidize part of the expenses for staff salaries, - Armen Garslyan informed.

21May
2020
Mr. Armen Garslyan: The construction of the paraformaldehyde and formalin plants at Metafrax site will begin in one month

During the meeting of the Head of Perm Region Mr. Dmitrii Makhonin with the heads of big enterprises of the Region, the Chairman of the Board of Directors of PJSC "Metafrax" Mr. Armen Garslyan reported on the progress in the implementation of investment projects of the Group of Companies in Kama Region.

- All our previously started investment projects are being implemented. As recently as in one month the work will begin on the construction of paraformaldehyde and formalin plats at the Metafrax site. The contracts with the suppliers of the equipment are concluded, equipment will start arriving in the third quarter, - declared Mr. Armen Garslyan.

Also the construction of «Ammonia-Urea-Melamine Complex» (AUM) is continuing in Gubakha.

- Works are going on as fast as possible. More than 2,000 people work daily on the construction site, - stated Mr. Armen Garslyan and thanked the specialists of the regional department of Rospotrebnadzor and the Perm Region Government for their assistance in organizing measures to ensure the safety and health of the personnel at the site.  

Construction of the AUM Complex is included in the permitted list of objects of the regional Ministry of Construction, work on which should not be stopped. As a result of the startup of the new production, more than 400 new qualified working places will be created.

The Chairman of the Board of Directors of Metafrax told  the Head of the Perm Region about the problems, that  faced  the  industrial enterprises of the chemical industry during the COVID-19 pandemic and disclosed  a number of proposals on possible measures to support them, including areas of bank lending, rail transportation and gas costs in the domestic market.

- Perm Region is an industrial region, and the driver of its development are industrial enterprises. Therefore, it is especially important now to help them to ensure stable operation and implementation of investment projects, - highlighted the Head of the Region Mr. Dmitrii Makhonin during the meeting with industrialists.    

____

The investment project to establish production of paraformaldehyde (30 thousand tons per year) and formalin (181 thousand tons per year) at PJSC Metafrax is estimated to the amount about 5.2 billion rubles. The realization of the project will create more than 30 additional working places.

The supplier of equipment and technology to produce paraformaldehyde will be Danish engineering Company - GEA Process Engineering. The licensor of formalin production technology is the Dynea AS Company (Norway).

A special investment contract was signed in June 2019 for the project realization to construct industrial formalin and paraformaldehyde plants in Gubakha.

In addition, an agreement was signed with the Federal Fund for Industry Development with the participation of the regional Ministry of Industry and Trade, to provide a loan for the project.

19May
2020
The revenue of «Metafrax Group» in 2019 exceeded 54,5 billion rubles

According to the results of 2019 the revenue of «Metafrax Group» for IFRS amounted to 54,6 billion rubles. As compared to 2018 this value decreased slightly (by 3,5 % or by 2 billion rubles). Gross profit of the Group amounted to 14,5 billion rubles.

The volume of capital investments in the fixed assets and in assets under construction amounted to 31,1 billion rubles. The main areas of the capital investments are the following: construction of the «Ammonia-Urea-Melamine Complex» - 26,8 billion rubles, construction of the carboxylic acids and aldehydes production plant at the industrial site of «Metadynea Austria» - 0,4 billion rubles, construction of four nine-story houses in Gubakha – 0,4 billion rubles; renewal of the rolling stock of tank wagons for methanol transportation – 0,3 billion rubles.

The value of the noncurrent assets of the Group increased by 40,5 % and amounted to 70,9 billion rubles as of 31.12.2019. The increase was due to the capital investments in the fixed assets and in assets under construction.

According to the Chairman of the Boards of Directors, Mr. Armen Garslyan, the Company evaluates the financial results of the year 2019 positively, linking a slight decrease in revenue with a drop in product prices in the 4th quarter:

«The Company started to prepare in time for the market changes, that took place in the second half of the year. We have carefully analyzed the situation on commodity and financial markets and were ready for the crisis phenomena. The adjusted sales strategy is focused on medium- and long-term contracts. Thank to this we were able to achieve the planned budget targets at the yearend 2019.

Currently, the Group of Companies has also implemented a package of measures to stabilize the financial and economic situation, related to the COVID-19 pandemic. The operatively adopted complex of measures gives a guarantee of stable production and economic activity. We have kept the Company teams and the production facilities operational.

Of course, the economic crisis of 2020 has affected the financial indicators. According to our analysts' forecasts, the situation will gradually stabilize by the end of the year. PJSC Metafrax is included in the list of systemic companies. This gives us not only the opportunity to receive government support, but also obliges us to remain a driver of the growth of chemical industry.

We look forward to a further balanced position of the authorities and business partners in order to overcome current difficulties with the lowest costs».

15May
2020
The complex has become a school of professionalism

Traditionally, in columns of AUM Synthesis, we conduct AUM Complex construction chronicle, inform about equipment installation, briefly tell you about the constructors: contractors’ employees. It would be unfair to ignore successful work of Casale & Casale Project specialists. 

Edoardo Molina is a Site Manager of Casale Project Office. In addition to construction engineer competence, Edoardo also has International professional Welder and NDT (3 level) certificates. Construction supervision, design supervision and field engineering are main duties of his colleagues. 

We are going to open this publication series about our partners with brief story about Mr. Vincenzo Catania, Deputy Field Engineering Manager, Piping Field Engineering Group Manager. This modest and charming specialist is not a stranger to Metafrax: he was a manager Group Leader of piping engineers during Methanol Plant converter modernization in 2015. And his work had created the General success basis of this complicated modernization. 

«Vincenzo is an outstanding specialist. – Radik Vakhitov pointed out recommending the hero of the article. – At all projects where Mr. Catania took part, he proved himself as a reliable employee, experienced and responsible engineer». Radik had organized our meeting with him in the office. Vincenzo answered our questions after setting aside some time out of his busy working day. And then he was posing in group of his colleagues with great pleasure (please see the picture attached hereto).

- Why did you choose profession of chemist?

 - Chemistry has been attracting me since my childhood, when I was at school I carried out different experiments enthusiastically. But fundamental science I wasn’t really attract me. I had more interested in, practical application of my knowledge, to be more specific, engineering of different chemical units which produce commodities necessary for society. When I entered into university, I had been absorbing knowledges like a sponge.

 - How was your career going after graduation?

 - I had been an operator at a chemical plant near the city of Milan, producing soap for two years. Then thanks to Alfonso Di Donato, my friend, (we have graduated from the same secondary school in different years) I found myself in Casale. I have been working in this big corporate group already for 12 years with great pleasure since that time.

 I have visited different countries during these years. Aside of Russia, I was working in Canada, Venezuela, Romania, India, Czech Republic, Germany and Egypt. Speaking about the AUM Complex related Units I took part in L-40 (Melamine) plant detail engineering in India as a Field Coordinator in 2018.

 - To which extend Ammonia-Urea-Melamine facilities are under construction in Gubakha are really unique? Are there any similar facilities in the world?

 - This is the major actual Project, for Casale as of today. These are modern facilities and they are our first Project of their joint construction. We had only participated in facilities upgrading in the past. This project is a significant professional step forward for our company specialists and personally for me. Participation in AUM Complex construction is a matter of honor for me, I will gain an invaluable experience. 

Reference: VINCENZO CATANIA was born in Milano in November 1987, in a common family. His father used to be an excavator operator and his mother is a housewife., He graduated from the university in the city of Saronno, a small town North-West from Milano, qualified as a chemist engineer in 2006. He started his work at Casale in 2008. He was working and gaining experience with different customers at different chemical production facilities in the world.

14May
2020
Construction specialists of Metafrax celebrate Victory day with another success

On May 9th and 10th, the last heavy–weight units were installed at the urea plant - two 30-ton vacuum separators and a 37-ton scrubber.

At the construction site of the Ammonia-Urea-Melamine (AUM) complex in Gubakha, work is carried out in a continuous mode. By the decision of the Ministry of construction of the Perm region, the AUM complex construction is included in the permitted list of objects, on which works should not cease. Here, "Metafrax Group" is implementing one of the largest investment projects in the Perm region. As a result of a new production facility launch at the group's parent company, "Metafrax chemicals", more than 400 new qualified job positions will be created.

On May 9th-10th, three heavy-weight process units were installed at the construction site of the future production facility. The work was performed by high–altitude installers of the Sredneuralsky installation department of "UEM" using a 500-ton Liebherr crane. The length of its extended arm for lifting multi-ton process devices to a 60 meter height was 85 meters.

The progress of work was personally supervised by the project manager for the construction of the AUM complex, General Director of PJSC Metafrax Vladimir Daut. On Victory Day, May 9th, installers erected a 30-ton vacuum separator № 2. The work was carried out under difficult weather conditions – in Gubakha, the air temperature on this day was a record for May 9th – +31 degrees. The next day, on May 10th, the vacuum separator № 1 was lifted to the elevation of 49.8 meters along with the 37-ton scrubber.

04May
2020
"Metafrax" has registered new trademarks

As part of the procedure for introducing a new brand, in September 2019 "Metafrax" filed an application for trademark registration of: «МЕТАФРАКС ГРУПП» and "METAFRAX GROUP". The trademarks were published on the Rospatent website on April 16th. The company plans to start labeling products with a new trademark in the near future. Work is underway to register the "METAFRAX GROUP" trademark abroad.

                 

The trademark passed all the necessary checks for "freedom-to-operate" as a result of which the company has received two Certificates issued by the Federal service for intellectual property (Rospatent).

Thus, "Metafrax" obtained the right to use the trademarks for labelling chemical products, polyamide, advertising purposes, and other products according to the International Classification of goods and services.

Trademark registration guarantees Metafrax that third parties will not use the «МЕТАФРАКС ГРУПП» and "METAFRAX GROUP" trademarks. For consumers, the presence of these trademarks is a guarantee of the delivered products' quality. Since 2015, the quality management system of PJSC "Metafrax" has been certified for compliance with the requirements of the ISO 9001 international standard.

The company is also working to register the "METAFRAX GROUP" trademark abroad in more than 40 countries, including the United States, Europe, and Asia. The procedure is expected to take from 1.5 to 5 years.

"Metafrax" has started the implementation of the new brand in September 2019. Its creation was carried out for a year and a half. The unified brand is designed to not only position "Metafrax" in the target markets correctly, but also to implement its own philosophy: mission, values, and vision of the future. "Metafrax Group" became a single trademark of the holding.

30April
2020
More than 400 thousand people watched performances of Perm theaters on TV

The interim results of the "Theater on the sofa" cultural project, which is implemented by "Metafrax Group" in collaboration with the "Vetta 24" TV channel, have been summed up.  According to the TV company's data, about 400 thousand residents of the Perm region watched performances of theaters in the Kama region during April. 

In April, as part of the project, "Vetta" aired performances of the Perm academic "Theater-Theater" such as "House of Bernarda Alba", the musicals "Vinyl" and "Dwarf Nose" as well as productions of the "Dominant" youth studio-theater (Gubakha) "Where are you going, clouds", "Provincials", "Black monk", "Tales of mountain masters" and "Starfall".

- Thanks to the "Theater on the sofa" project, we are solving the same problem as in the framework of our annual festival "Secrets of mount Krestovaya" - beautiful performances of Perm theaters become as accessible as possible for the widest range of viewers. I believe that the opportunity for the whole family to spend their free time enjoying the work of great artists is priceless. And I am very glad that the project has shown its relevance, - stated Maria Konovalova, adviser to the Chairman of the Board of Directors of PJSC Metafrax, head of the organizing committee of the "Secrets of mount Krestovaya" festival.

Lyubov Zaitseva, the Artistic Director of the "Dominant" youth studio-theater, highlighted the importance of the project for the theater's creative team.

 - The informational and creative field of the theater has been created and the theater has collected numerous positive reviews from the audience. Audience feedback gives us confidence that our creative ideas are in demand. We thank "Metafrax" Group of companies and "Vetta 24" TV company for the opportunity to show it, - noted Lyubov Zaitseva.

Yegor Mukhin, the Commercial Director of the Perm academic Theater-Theater, has also thanked the theater's partners "for expanding the virtual auditorium to several hundred thousand spectators".

- The team of the Theater-Theater continues to create while being in self-isolation. We are sure that the theater cannot be closed – it is inside us. Despite all restrictions, during this time the Theater-Theater has become even more open, closer and accessible to the audience, - said Yegor Mukhin.

24April
2020
New heavy-duty locomotives are being prepared for transportation of Russian methanol in Finland

VR Group - the operator of Finnish Railways and the partner of Metafrax Group, have tested new powerful locomotives at the end of March 2020. They will be used to transport products of Metafrax from the Russian-Finnish border to the transhipment terminals in Hamina and Kotka without separating trains at the border. This will reduce the length of stay for rolling stock at the territory of Finland and the turnover time by 1-2 days. Thus, the logistics processes of Metafrax in Finland will be optimized.

As explained by Vasily Mikhailov, the trade manager of the "Metafrax Trading International" company, previously, cargo that moved across the territory of Russia in a series of 65-66 tanks was divided at the Finnish border into several trains.

- Export shipments of methanol produced by Metafrax Group in the ports of Kotka and Hamina are proceeding normally. However, Finnish locomotives were not previously able to pull trains carrying more than 4 thousand tons of methanol. With the introduction of new double Vectron locomotives, Russian trains can be delivered to Finnish ports without separation at the border," - Vasily Mikhailov clarified.

The weight of the train can now be up to 6 thousand tons and its length – 830 meters. VR Group has ordered 80 of these locomotives. Their delivery is expected until 2026.

Metafrax Trading International is a subsidiary trading company of PJSC Metafrax (Russia) as well as part of the Metafrax Group.

The company trades in chemical products - methanol, hexamine, pentaerythritol, dipentaerythritol and others. The transhipment of products is carried out in the EU.

VR Group is the state railway company of Finland. It is engaged in freight and passenger railway transport.

16April
2020
Vladimir Daut addressed the participants of the AUM Complex construction

The latest issue of the "AUM Synthesis" corporate information publication released the address to the construction participants from Vladimir Daut, the Project Manager for the construction of the "Ammonia-urea-melamine" complex. According to him, the construction of the complex continues in accordance with all recommendations of the Ministry of construction of the Perm region and in compliance with antiviral measures. Vladimir Daut is certain that all the difficulties caused by the influence of an external factor - the coronavirus spread - are temporary: "Together, we will overcome the challenge and become a part of the AUM complex completion and start-up".

At the construction site of the AUM complex, all newly incoming employees are issued a pass only if they have a medical certificate. Representatives of construction companies, who previously worked on other projects in Russia, are under a 14-day quarantine at their places of residence as well as under the supervision of medical workers. Detailed instructions on antiviral measures were given to the heads of contracting companies and briefings on the work sequences of this situation are being held regularly, while including the recommendations from the Ministry of construction of the Perm region. The internal control service has organized supervisory measures to verify contractors' compliance with antiviral measures.

"Metafrax Group" is implementing one of the largest investment projects in the Perm region – the construction of the "Ammonia-urea-melamine" complex on the production site in Gubakha. As a result of the new production start-up, more than 400 new qualified employment positions will be created.

By the decision of the Ministry of construction of the Perm region, the AUM complex construction is included in the authorised list of objects, the works on which should not cease.

10April
2020
Armen Garslyan: There are thousands people behind us who earn an income for their families

The chairman of PJSC Metafrax Board of directors, deputy of the Perm region Legislative Assembly Armen Garslyan on the meeting of the Perm region head Dmitry Makhonin with the managers of the biggest industrial enterprises of the region stated the readiness of the suggestions of the deputies group “Perm region manufacturers” to support the business. The meeting was held as a videoconference.

Head of the region discussed with the top managers of the companies the measures to prevent the virus COVID-19 spread, issues of the healthcare system readiness and measures of government support for the business in Perm region. Dmitry Makhonin thanked the industrial companies representatives for participation in the fight against the coronavirus. The enterprises keep the patronage over the medical facilities, help procuring the personal protective means and equipment, take care of their employees.

“Industry is a significant part of the region economy, that’s why it’s important for us to help in keeping the industrial enterprises stable”, highlighted the region head.

During his speech Armen Garslyan on behalf of the deputy group “Perm region manufacturers” thanked the region head and his team for the fruitful cooperation.

“We see the real support of the region head, Ministry of Industry and Trade of the Perm region. In this difficult time we are together with the region, and it’s very important. Large business today as never before needs the support, because there are thousands people behind us, who earn an income for their families”, stated Armen Garslyan.

PJSC Metafrax Board of directors chairman informed that the “Perm region manufacturers” have prepared the suggestions to the head of the Perm region and the Russian government regarding the measures to support the business. They are related to keeping on the same level the prices for electricity and gas, tax exemptions, clarification of the terms of special investment contracts and other solutions and actions valuable to stabilize situation in industry under conditions of the economical crisis and pandemic COVID-19. Separately Armen spoke about the measures taken by the large industrial enterprises to support the region medical facilities.

“Despite a very difficult situation for the enterprises, as the most important issue we consider the help to our doctors. All the colleagues took the responsibility, because without collective responsibility with the doctors the misfortune can affect any household”, highlighted Armen Garslyan.

The amount of the donations to the Perm region fund against the coronavirus has substantially increased. Already 135 mln. rubles were collected. The sums are used to purchase the necessary medicines, equipment and personal protective means.

In Perm there are 880 beds without patients. Also the beds will be provided in the big towns of the Perm region, such us Osa, Chaikovsky, Oktyabrsky, Berezniki and Kudymkar. Total in the region it’s planned to equip more than 1800 dedicated places for the infected by COVID-19.

In the meeting of the region head as a video conference participated 60 directors of the regional industrial enterprises, representatives of the Perm region executive authorities, as well as department of the Perm region Rospotrebnadzor.

06April
2020
The majority shareholders of "Metafrax" waive the dividends

Seyfeddin Rustamov, the beneficial owner of PJSC "Metafrax", intends to refuse the dividends payment for 2019. It is planned that financial resources will be used to support the existing production and personnel of enterprises as well as investment projects for the construction of new industrial complexes and units that are currently being implemented.

- The situation of the global market of methanol and its derivatives is currently negative. The consumption volume is decreasing and product prices are falling. We are aware of our responsibility to our partners, employees and society; therefore, in difficult times of crisis, we focus on ensuring the business continuity and ensuring stability for our employees. In this regard, I have made a decision to suggest that the shareholders of "Metafrax" waive the payment of dividends for 2019 and suspend the development of investment projects that have not yet begun. Work on projects that are under implementation will continue, - Seifeddin Rustamov stated.

- The management team of "Metafrax" welcomes the responsible decision made by the beneficial owner. For our part, we have assured all suppliers of raw materials that the raw material component of the company's costs is not reduced. We intend to negotiate with banks in regards to reducing credit interest rates. Together with our partners - producers of methanol, we address the federal authorities with a request for state support measures. We also plan to bring a proposal to the Governor of the Perm region in regards to changing the terms of special investment contracts and providing possible support at the regional level, - said Armen Garslyan, Chairman of the company's Board of Directors.

"Metafrax Group" actively cooperates with the government of Perm Krai on the issues of ensuring sanitary and epidemiological welfare of the population in relation to the COVID-19 epidemic and participates in issue resolution for reduction of coronavirus infection impact for the population in general as well as for the most vulnerable business sectors such as small and medium businesses. "Metafrax" sent financial aid to the Perm regional fund for social support of the population as part of a "Healthy Kama region" fund-raising charity event for the coronavirus control. The money will be spent on additional medical supplies, equipment, personal protective equipment and social support for the population.

31March
2020
Russian companies of Metafrax Group switched to the “day-off” operation

Starting from 30 March till 3 April the non-working days are declared in order to ensure the sanitary and epidemiological well being of the Russian people. The relevant Decree was enacted by the country president Vladimir Putin. Metafrax Group management shares the concerns of the authorities due to the coronavirus outbreak in the world. Health, safety and well being of the personnel, their families and all the citizens are our unconditional priorities.

In the companies of the group the regulatory acts are endorsed governing their operation in this period. As per these documents, from 30 March till 3 April the days off are provided maintaining the personnel salaries. The work is ongoing only for the specialists, for which by the employment contract the shift work is foreseen due to the necessity to ensure the technological process continuity and support operability of the production. Part of the managers and specialists are switched to the remote work. The emergency centers are created to prevent the spread of the coronavirus infection.

On the production facilities the preventive proactive actions were taken. The abroad business trips were cancelled, the personnel trips within Russia were limited. The meetings are held as the videoconferences. In all the companies of the group it was forbidden to be present at the work place for the specialists with external symptoms of ARVI. On the check-points of the companies there is a temperature check for all the visitors using the thermographic cameras.

“The government decision is aimed to decrease the quantity of the contacts for each of us between each other. We urge during these days-off to be as much as possible isolated from the environment. By keeping yourself healthy you protect your family, maintain the integrity of your department and operability of the company”, highlighted the board chairman of PJSC Metafrax Armen Garslyan.

Please be reminded about the proactive actions for the virus diseases, and follow strictly the recommendations!

22March
2020
Summary of the 1st selection stage for free education of pupils from Kizel coil basin territory in “Skolkovo”

Within the framework of stage it was necessary to write an essay “Who from entrepreneurs inspires me?”. Competition jury received 60 works for review from pupils of Gubakha, Kizel and Gremyachinsk. 33 persons passed in the 2nd stage. Competition jury evaluated the essay structure, argument presence, attention of authors and the topic coverage.  

The jury member, Deputy General Director for strategic development and investment project evaluation  of Metadynea company Levon Garslyan highlighted the importance that Russian entrepreneurs such as Oleg Tinkov, Pavel Durov and Tatyana Bakalchuk became leaders in selection of topics for essays: «Generally, I liked that the children indicated two important aspects in their works: necessity of hard work to be a successful entrepreneur and that entrepreneurs is a rare class of people ready to risk.  For me it’s a very conscious approach, considering that the age of authors doesn’t exceed 14-17 years. I ask the children to keep these two aspects in mind independently from competition results”.    

According to PJSC Metafrax advisor for Chairman of the Board Mariya Konovalova, the big importance has the geography of essay authors: “It’s important that to be candidates to win a grant from Metafrax for education in “Skolkovo” could pupils not only from Gubakha, but also from Kizel and Gremyachinsk. I’ll reveal a secret that participants from all three towns will be present in the next stage”.

Finalists of the 1st stage will be invited to attend and solve a case from Metafrax Group. In the near future, Skolkovo specialists will contact with participants of the 2nd stage and announce a topic and online-lecture speaker.  

Three winners Metafrax Group will provide with a grant for education in “Junior” Academy for startup program of “Skolkovo”. Remaining participants will get the priceless experience.

10March
2020
"Metafrax Group" plans further production development of flame retardants in the Austrian Krems

At the production site of the "Metadynea" company in the city of Krems (Austria) a meeting was held for the business review and further development issues of the industrial park. Armen Garslyan, Chairman of the Metafrax Board of Directors, inspected the existing units and held a discussion with Ralf Toyer, Managing Director of "Metadynea-Austria" regarding the prospects for new investment projects implementation.

During the work trip, a decision was made to expand the production of halogen-free flame retardants - the components added to materials of organic origin to provide fire protection. These products, unlike flame retardants containing chlorinated or brominated organic compounds, produce less smoke when a fire occurs and are classified as safe and environmentally friendly.

The preparation for implementation of this investment project is planned to be completed in 2020. Other ideas for the chemical services development at the territory of the "Metadynea" industrial park in Krems are also being considered.

In 2019, high-tech capacities for the production of carboxylic acids and aldehydes were created at the "Metadynea-Austria" production site and a plant with the capacity of 7,500 tons per year was built. Investments for the project reached 10 million euros. The implemented project increased the range of manufactured products and provided the company with an expanded market share.  10 new jobs were created additionally in order to operate the plant.

- Creation of new production facilities and expansion of the product line is of strategic importance for "Metafrax Group". It strengthens our position as the largest participant in the specialised market and ensures the economic development of our presence areas as well as the well-being of the residents, - Armen Garslyan noted.