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Russia's R&P Polyplastic announced that 2017 third quarter sales rose 12% compared with the same quarter last year.

A low base effect of the previous accounting period and stronger purchasing power of the Russian market contributed to the growth.

According to the company, the domestic automotive market had stagnated for the previous two years but began to claw its way back. That was showed by the increase (+19%) in the procurement volume of compounds.

Company exports also grew by 30% versus the prior year period. Automotive, household appliances and construction are the three major end-markets, said R&P Polyplastic.

R&P Polyplastic will continue to work on cost saving, and is planning to launch a manufacturing automation program "Digital Manufacturing". Its Managing Partner Andrej Menshov stated that next year's investments shall be considerably larger.

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