Qingdao, China – Mesnac is likely to see a 36% rise year-on-year in sales to €159 million (1.25 billion yuan) over the first six months of 2017, according to the company’s estimates released in July.
Operating income over the same period is pegged at €4.8 million, compared with €8 million loss in H1 2016.
“New orders and older ones that have been delayed were gradually delivered during the period,” said the Mesnac filing. “Sales from rubber machinery showed significant increase.”
“Fushun Yikesi’s synthetic rubber business also had significant growth in sales and gross profit margin with its raised product quality and a rebounding market,” the filing added.
Located in Fushun, Liaoning province, Yikesi is a fully-owned subsidiary of Mesnac set up in 2009. The company has IR facility with 40,000 tonnes annual capacity that came on stream in 2014 and is also a maker of upstream materials.