Annual Report 2007
Address of the Chairman
A year of investment to prepare for the future.
2007 offered Proviron a mix of rough and smooth. First and foremost, we very much regret a very serious industrial accident with one casualty and two people severely injured. Hence safety will obviously be put even more in the forefront. Also, the company went through structural changes. And finally, economically 2007 was not an easy year.
Technologically however we did well, successfully building two new production units, based on in-house developed process technology. The feedstock and energy markets were volatile in terms of pricing at a very unfortunate time for the company as the very high levels of investment in equipment and maintenance left little financial room to move.
I would like to express my sincere gratitude and affection towards all employees. Yet again, they were the backbone of our business. They supported us at times of tough decisions and crucial choices which will orient the company decisively. In 2007 we prepared to become a new generation chemical company.
We continued to fine-tune the organisation chart. My son Wim has effectively taken charge of general management and is surrounded by a group of competent and dedicated managers. Competences, lines of decision, internal and external contact people… everything has become more transparent.
The shareholders of the family business are determined to increase the capital to enable further growth.