CrossChem
Annual report

SIA CrossChem's net turnover for 9 months of 2022 nearly reached EUR 30 million

In the first 9 months of 2022, the unaudited net turnover of SIA CrossChem (the ‘Company') reached EUR 29.5m, which is an 80% increase year-on-year (EUR 16.4m).

Olaine, 2022-12-04 07:35 CET --

“2022 is a challenging year for Europe and especially for environmental products, in which CrossChem is specialising, but nevertheless the Latvian team of CrossChem has been doing great work and developing both existing and new projects in Latvia and all over the world. Some examples I can mention are laboratories as well as a new automatic production and packaging line with improved speed. In Q3 we were also able to renew ISO 9001 and ISO 14001 certification for CrossChem, which once again proves that we are moving ahead of our competitors,” says Ričards Andersons, chairman of the board of CrossChem.

The Company continues to successfully develop previously planned projects and the revenue forecast for 2022 has been increased from the previously announced EUR 30m in August and is now set at a level of EUR 40m. 

SIA CrossChem is a 100% Latvian capital company, which is part of the CrossChem International group - a chain of worldwide chemical product producers and distributors. The basis of the business is the production of sustainable and environmentally friendly products, which, by combining global experience, allows to reduce costs and increase competitiveness. The company produces AdBlue®, AUS40®, liquid fertilizers, and automotive products and in the meantime provides a range of services related to these products. 

         Contact person:
         Ričards Andersons
         Chairman of the Management Board, SIA “CrossChem”
         E-mail: board@crosschem.lv
         Certified adviser:
         AS “LHV Pank”
         Contact person: Ivars Bergmanis
         E-mail: ivars.bergmanis@lhv.ee
         Phone: +372 680 2720