Publication

Vesco clay producer sees 36% rise in sales in 2017

Vesco, part of the UMG Investments portfolio and uniting clay producing business of the SCM Group, sold 3.05 million tonnes of clay in 2017, which is 36% more than in 2016.

26 April 2018

According to a company press release, Vesco revenue totaled UAH 4.3 billion compared with UAH 2.7 billion in 2016.

Last year Vesco' enterprises sent UAH 410.7 million of taxes to budgets of all levels, which is 18% more than in 2016.

The largest clay consumers in 2017 were ceramic tile producers from Spain and Italy (28% and 21% of total sales respectively). In 2017, around 91% of the products were sold on foreign markets in 27 countries.

The Spanish market contributed to the growth in the company's sales. Last year ceramic tile production in Spain returned to the pre-crisis 2008 figures.