The company reported RON189 million losses, from RON35 million. It cut its number of employees to 808, from 832.
Beltrame, the Italian group that controls the plants of Calarasi and Targoviste, has invested around EUR28 million in the two production units. While the group went ahead with its investment plan, 2023 was challenging for the company, as well as for the entire steel market.
For the Targoviste plant, the Italian group wants to reach a capacity of 50,000 tons per month, from the current 15,000-ton capacity.
(English version by Catalina Apostoiu)