“In 2021 we’ll invest in buying new transport vehicles, boosting drawn wire product manufacturing capacity and covering our power consumption with our own resources, i.e. photovoltaic panels,” Procema officials say.
There is a lot of uncertainty surrounding the second half, especially due to expectations of steel product price volatility worldwide, they added.
Procema ended 2020 with some RON385 million revenue, an increase of 33% year-on-year, the data the company supplied for the 2021 edition of the `Cei mai mari jucatori din economie’ (Key players in the economy) ZF yearbook due out soon show. Exports accounted for about 10% of its revenue. The plan is to take the revenue to RON548 million in 2021.
Profit stood at RON21.8 million in 2020, 17% higher than in 2019 and the number of employees stood at 160, about ten more than in the previous year.
Procema has two plants in Jilava, near Bucharest, which make cut and bent concrete reinforcing steel and welded mesh among others. Procema was a supplier to AFI Brasov mall, the Ana Tower office building, the mixed-use Openville project in Timisoara to name but a few.
(English version by Loredana Fratila-Cristescu)