The year of petrol chemistry
An enthusiastic Hungarian company TVK head talks about an outstanding buiness year and his hopes for the future of his company.
2007 must have been the best year in petrol chemistry in this decade bringing record profits for TVK – said TVK Nyrt CEO Árpád Olvasó. The company used most of its profits to pay back loans for petrol chemistry development projects finished in 2005. This year the demand for polymer products was quite high. There was a price drop in October but producers intend to raise prices again due to growing oil prices. The market for TVK’s main product, HDTP (high density polyethylene) is expanding but the output of new factories in the Middle-East is growing at a higher rate. TVK is not concerned about this tendency as these factories mainly target China. Petrol chemistry has learned how to operate with high oil prices – said Olvasó. (Napi Gazdaság)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.