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Ercros SA (ECR.MC)

ECR.MC on Madrid SE C.A.T.S.

2.81EUR
15 Dec 2017
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€-0.01 (-0.39%)
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Latest Key Developments (Source: Significant Developments)

Ercros Reaches Restructuring Personnel Agreement With Unions That Includes 105 Employees
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - ERCROS SA ::SAYS REACHES AGREEMENT WITH UNIONS FOR RESTRUCTURING OF PERSONNEL.NUMBER OF PEOPLE INCLUDED IS 105, 43 OF WHICH BELONG TO FLIX FACTORY; 34 TO CARDONA FACTORY; AND 28 TO TARRAGONA COMPLEX..SAYS ESTIMATED COST OF APPLICATION OF AGREEMENT AMOUNTS TO 11 MILLION EUROS.  Full Article

Ercros 9-month net profit up 25 pct YoY
Monday, 13 Nov 2017 

Nov 13 (Reuters) - ERCROS SA ::9-MONTH NET PROFIT 34.1 MILLION EUROS VERSUS 27.3 MILLION EUROS YEAR AGO.9-MONTH REVENUE 513.8 MILLION EUROS VERSUS 467.1 MILLION EUROS YEAR AGO.9-MONTH EBITDA 55.6 MILLION EUROS VERSUS 48.5 MILLION EUROS YEAR AGO.Q4 TO BE NEGATIVELY IMPACTED BY COSTS FROM RESTRUCTURING AFTER CLOSURE OF CHLORINE PRODUCTION PLANTS.‍​.  Full Article

Ercros starts staff restructuring negotiations
Monday, 30 Oct 2017 

Oct 30 (Reuters) - ERCROS SA ::STARTS TALKS WITH WORKERS' REPRESENTATIVES ON RESTRUCTURING OF PERSONNEL .RESTRUCTURING RESULTING FROM THE CLOSURE OF THE CHLORINE PRODUCTION PLANTS USING MERCURY TECHNOLOGY‍​‍​.NUMBER OF PEOPLE AFFECTED IS 132.WORKERS AFFECTED BELONG TO CARDONA FACTORY, TARRAGONA COMPLEX AND FACTORY IN FLIX.IN POSITION TO OFFER RELOCATION IN OTHER WORK CENTRES OF GROUP TO PEOPLE AFFECTED.  Full Article

Ercros sees sales to remain above 600 mln euros in FY 2017
Thursday, 1 Jun 2017 

June 1 (Reuters) - ERCROS SA ::IN FY 2017 SEES LEVEL OF SALES TO REMAIN ABOVE 600 MILLION EUROS AND SOLVENCY AND LEVERAGE RATIOS BELOW 2 AND 0.5, RESPECTIVELY.  Full Article

Ercros extends Act Plan's investments by 10 mln euros
Thursday, 25 May 2017 

May 25 (Reuters) - ERCROS SA ::EXTENDS THE ACT PLAN'S INVESTMENTS BY 10 MILLION EUROS.ACT PLAN DEFINES CO'S STRATEGY TO DEAL WITH TECHNOLOGICAL CHANGE RESULTING FROM BAN ON CHLORINE PRODUCTION USING MERCURY TECHNOLOGY.ACT PLAN ALSO CONSIDERS CLOSURE, BY DEC 11 OF CHLORINE PRODUCTION PLANTS USING MERCURY TECHNOLOGY FROM FLIX AND VILA-SECA I FACTORIES.NOT YET ABLE TO ESTIMATE NUMBER OF PEOPLE WHO WILL BE AFFECTED BY CLOSURE OF THE PLANTS.  Full Article

Ercros H1 net profit rises to 19.6 mln euros
Monday, 25 Jul 2016 

Ercros SA : H1 net sales 314.4 million euros ($344.8 million) versus 320.0 million euros year ago . H1 net profit 19.6 million euros versus 5.6 million euros year ago .H1 EBITDA 33.8 million euros versus 17.9 million euros year ago.  Full Article

Ercros sees H1 EBITDA at 33 million euros
Wednesday, 25 May 2016 

Ercros SA : Sees to close H1 2016 with profit at 17 million euros ($18.9 million) .Sees H1 2016 EBITDA at 33 million euros.  Full Article

Ercros to invest 53.7 mln euros to reorganize its activity
Tuesday, 10 May 2016 

Ercros SA : Plans to invest 53.7 million euros ($61.1 million) to adapt to ban of use of mercury technology in electrolysis . To increase by 45,000 t/year production capacity of chlorine plants already operating with membrane technology to reach a membrane production capacity of 130,000 t/year .After implementing all the measures chlorine production capacity will be reduced by 56 percent, but all of this capacity will be using membrane technology.  Full Article

Ercros signs factoring agreement with Finacity of $12 million
Monday, 9 May 2016 

Ercros SA :Signs securitization agreement with Finacity of $12 million, for the period of three years (2016-2019), which anticipates Ercros customer accounts receivable in dollars.  Full Article

Ercros SA sees chlorine production fall by 55 pct, to cut 150-200 jobs - Reuters
Wednesday, 20 Jan 2016 

Ercros SA:Sees its production of chlorine and caustic soda to be about 55 percent lower after the European Union's prohibition of use of mercury in production of chlorine as of Dec. 11, 2017 - RTRS.Will be also affected by the closure of Covestro plant; Covestro is the company's main chlorine buyer.Says to cut about 150-200 jobs due to lower chlorine production.Sees 15 percent lower FY turnover as of FY 2018.Plans to compensate the negative impact with higher output in its pharmaceutical and intermediate chemical divisions.  Full Article

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