The company posted RON128.4 million (EUR26.6 million) net profit last year, compared with more than RON240 million (EUR50.7 million) in 2019, according to publicly available data.
Silcotub had 1,479 employees on average last year, 260 fewer than the previous year.
The company completed a $8 million retooling investment in Zalau two years ago. Silcotub exports about 80% its production and its customers include energy and automotive companies such as OMV Petrom, Exxon Mobile, Chevron and Autoliv.
(English version by Loredana Fratila-Cristescu)