Dutch chemicals company OCI has reported a net loss of $ 40 m for Q2 2018 , mainly attributed to the accounting of depreciation and interest for debt and foreign exchange movements . We achieved a major milestone in June, when Natgasoline successfully started commercial methanol production, marking the completion of OCI’s second major greenfield facility in the United States. The loss came despite a 47 % net increase in sales for the period to a record 2.5 million metric tonnes ( mt ) , with H1 production volumes up 39 % YoY to 4.6 million mt . CEO Nassef Sawiris also noted the $ 100 m reduction of debt in the period , and said the company was enjoying a strong second half due to higher fertiliser prices .
Dutch chemicals company OCI has reported a net loss of $ 40 m for Q2 2018 , mainly attributed to the accounting of depreciation and interest for debt and foreign exchange movements . The loss came despite a 47 % net increase in sales for the period to a record 2.5 million metric tonnes ( mt ) , with H1 production volumes up 39 % YoY to 4.6 million mt . CEO Nassef Sawiris also noted the $ 100 m reduction of debt in the period , and said the company was enjoying a strong second half due to higher fertiliser prices .