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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Molecor cierra 2011 con una facturación de 12,8 millones de euros, el doble que en 2010

Molecor Closes 2011 with a turnover of 12,8 million euros, the double that in 2010

31/05/2012

31 May 2012

The company Molecor, specialist in the manufacture of machinery and production of pipes of PVC oriented (PVC-Or) for drivings of water to pressesure, has closed the economic exercise of the 2011 with a turnover of 12,8 million euros, almost the double with regard to the 2010 and 19 upper times to the sales of 2008, year in which the company initiated his commercial activity. Molecor Has finalised the year 2011 with an increase in the figure of businesses of 66% with regard to the previous year, reaching the 12,8 million euros, of which 66% correspond to sales out of European union and 84% to sales out of Spain. The operative profit (EBITDA) in 2011 has increased 92% with regard to the of 2010, reached the 2,7 million euros. The EBITDA of 2011 multiplies by ten the EBITDA obtained by Molecor three years ago.

Forecasts for 2012

Molecor Has initiated new projects of R&D related with the application of the molecular orientation of polymers to new products and new applications in his plant of Fuenlabrada, Madrid. For the year 2012 Molecor has foreseen to bend the current turnover supporting fundamentally in the increase of the exports of technology and pipes in the five continents and in the increase of the ranges of products that will offer to the market in the two lines of business. Molecor Bets by a model of solid and sustainable business.

Related Companies or Entities

Molecor Tecnología, S.L.

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