General Establishment for Chemical Industries production at SYP 3 billion in 2014

Damascus, SANA – The production of the General Establishment for Chemical Industries (GECI) reached SYP 3.016 billion during the first half of 2014, which is around 20% of its production plan for this period which aimed at SYP 15 billion worth of production.

The GECI’s report for the first half of 2014 showed that the highest production was achieved by the General Company for Fertilizers at SYP 1.63 billion, followed by Tameco pharmaceutical company at 393 million, the National Rubber Company at 374 million, the General Company for Shoes at 342 million, the General Establishment for Paints at 125 million, Damascus Glass Company at 111 million, and the General Company for Tanning at 38.5 million.

As for the ratio of production plan implementation, the National Rubber Company came first at 88%, followed by the General Company for Shoes and General Company for Tanning at 57%, Tameco and the General Establishment for Paints at 28%, and the General Company for Fertilizers at 20%.

Several other companies failed to implement any of their plans due to them being inoperative because of the current conditions in the country.

In terms of sales, the companies’ sales of SYP 3.022 billion, which is 23% of the planned sales that were set at 13.5 billion. The highest sales came from the General Company for Fertilizers with SYP 1.818 billion, followed by Tameco at 568 million, the General Company for Shoes at 447 million, the National Rubber Company at 371 million, the General Establishment for Paints at 175 million, and the General Company for Tanning at 40 million.

The GECI companies face numerous difficulties in production and marketing, including difficulty to procure raw materials and spare parts for machinery and production lines, terrorist attacks that rendered some companies completely inoperative, and reduced production due to the accumulation of stored products that were not sold, and difficulty in marketing and exporting products.

H. Sabbagh

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