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Latest news
Results of 2021 In spite of volatile markets, world logistic crisis, pandemic limitations and overall instability all ProPartners Group units…
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ProPartners >
News
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July 2009
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ChemPartners VOSTOK (Orient) to be span-off by QII-2009. The unit which had been specializing in solely Chinese chemistry is no longer useful and profit-making. The measure is within frame of the actions to optimize costs and business management within the group due to worsened economic conditions.
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May 2009
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Web-site of ChemPartners Russia is fully redesigned and packed with more information about the company and the products. ChemPartners is ProPartners group main revenue generator and fastest growing business unit with sales of usd 64M (as 2008Y) and some 55 people staff in three countries.
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January 2009
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Satisfaction with significant growth of sales in 2008 (17% vs 2007) is anyhow spoiled by feeling of uncertainty and some liquidity lack while we evaluate our results of last Year. While TransChlorTM and EcoTechnologiesTM had managed to secure contracts in full, the ChemPartners had already suffered significantly as shipments rapidly fall in QIV due to lack of orders and certainty from customers. Besides, numerous clients requested wider credit limits for the goods already delivered claiming low demand on their products and overall lack of liquidity. ProPartners shareholders, nevertheless, strongly believe in economic conditions improvements in near future and don’t plan to sell, restructure or stop any business units although necessary cost saving measures are certainly being taken.
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November 2008
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Sai ChemPartners India Ltd web-site is developed and put on-line in first anniversary of Delhi office. ProPartners India started operations in autumn 2007 with chemicals sourcing for Russia sales and with promotion of Russian advanced filtration equipment for alcohol beverages.
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July 2008
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ProPartners shareholders decided to spin-off MetaPro and transfer its shares to its management. Although successful development of the unit there was some controversy between management regarding strategy of further company growth. So, to keep this promising business in good shape it will be from now on owned by its management and won’t get any further investments from ProPartners. Still, for mutual benefits, MetaPro will keep distributing only products imported by ChemPartners and will get in return open credit terms to facilitate sales expansion. MetaPro is specialized distribution company with key competence in R&D, promotion and sales of fine chemicals for construction and renovation. The industry has been developing two-digits for last 7 years in Russia and consumes growing number of additives and chemicals for dry mixes and concretes.
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