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AdBlue producer CrossChem makes €1.9 million profit last year

CrossChem Ltd, a manufacturer of AdBlue, a diesel engine exhaust after-treatment fluid, posted a turnover of EUR 15.5 million in the last financial year, up 26% year-on-year. The company’s gross profit for the year was EUR 1.9 million, according to the company.

During the 2020 financial year, CrossChem opened new representative offices in Poland and South Africa, complementing its existing offices in Australia, Japan, Hong Kong, Russia, Ukraine, Italy, Slovenia, Montenegro, North Macedonia, Sweden, Finland, Lithuania and Estonia. Last year was also significant with the opening of CrossChem’s largest AdBlue plant in Eastern Europe in Russia.

“AdBlue is a diesel exhaust after-treatment fluid that reduces harmful emissions from car exhausts by neutralizing around 98% of the nitrogen oxides (NOx) produced by diesel engines into harmless nitrogen and water vapour. “With AdBlue, car manufacturers are able to meet high environmental standards and follow the European green course,” says Richard Anderson, Director of CrossChem Ltd.

CrossChem Ltd. is a 100% Latvian-owned company. “CrossChem has opened 16 AdBlue production plants around the world and exports AdBlue to more than 60 countries.

This post was originally published on delfi.lv in Latvian.

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