UBE stabilizes results and fights the virus with an investment of 49 million euros

The president of the Japanese chemical company, Bruno de BiÚvre, shows "relative optimism" despite the pandemic and is committed to research and the 'know-how' to continue growing

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The Japanese chemical company UBE Corporation Europe, based in Castellón, look optimistically to the future despite the pandemic global coronavirus health. The president of UBE, Bruno de BiÚvre, stated on Tuesday that the company maintains intact its investment plan, which includes a 60 million euros for the 2019-2020 triennium of those that remain to be invested 49 million for the next two years, and spoke of a relative optimism thanks to the achievement of the stabilization of the economic results.

We continue with investment projects, which will focus on the energy efficiency, the renewal of equipment and the improvement of infrastructures, ”said the president of UBE. Everything to face the future with confidence from the hand of research because, in these difficult moments, we must continue to develop and solve the new problems that are generated, always investing in know-how and value creation, stressed De BiÚvre.

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The president of UBE Corporation Europe offered this Tuesday the results of the last fiscal year in a telematic press conference for the pandemic in which the director of the company, Jaime Sanjuanbenito, also participated.

2019 results

The 2019 results show the beginning of a some cooling after two good years due to the global situation, “said the president of UBE.

Specifically, the Japanese chemical company achieved consolidated sales of 428 million euros and a profit after tax of 19 million euros in its 2019 financial year.

Breathás, group employment grew 4% until reaching the figure of 597 people, of which 539 correspond to the two production centers of the province, that is, Castellón and Almassora.

Thus, the figures show that the consolidated business volume of UBE Corporation Europe fell by 3% at the end of its last fiscal year, that is, as of March 31, 2020. Â «The decline in sales, Ebitda and the profit after tax has been due to the falling prices international caprolactam and nylon, the main product lines, as well as the decline in the general demand by the market, “pointed out from the chemical company.

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Stable employment

The president of UBE, Bruno de BiÚvre, also emphasized the employment generated by the company in the province of Castellón as well as its stability.

The group of Japanese origin directly employs 597 people, of which 539 are in the province of Castellón, with a 22% female employment and more than one 95% of permanent contracts.

In addition, during fiscal year 2019, the Japanese chemical company UBE has subcontracted daily services with a monthly average equivalent to approximately 250 full-time jobs.

Special mention was also made of the creation by UBE at the end of last January of a committee for permanent monitoring of the crisis caused by Covid-19 and the adoption of the necessary measures to guarantee the health and protection of all its own personnel and that of its contractors and related companies, as well as to ensure the continuity of its operations and service to clients.

In this sense, it should be remembered that since the chemical sector is officially classified as a strategic activity, UBE maintained its normal functioning during the first state of alarm that was decreed by the Government last March.

Investment plan

In relation to the current UBE fiscal year, which will end on March 31, 2021, andl impact of the pandemic and its effect on global markets has been felt with relative intensity since April, although the company maintains your investment plan for the 2019-2021 triennium, with a forecast of 60 million for the Castellón and Almassora production centers, of which more than 11 have materialized during the last year. This plan includes projects for environmental improvement, R&D, energy efficiency, maintenance and various productive improvements.

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