Tinmar Ind officials chose not to comment on the information provided by ArcelorMittal Galati sources.
According to the latest data, Tinmar Ind’s portfolio in late 2013 also included companies such as Dacia, Romania’s largest exporter, Kronospan or the plants part of Interagro group.
Tinmar Ind ended 2013 with revenue worth EUR387 million and net profit of EUR18.2 million. For 2014, the company budgeted 25% revenue growth.
According to information provided by ArcelorMittal representatives, the steelmaker needs around 130 MwH of constantly supplied energy, meaning the unit’s one-year consumption needs can be put at around 1.1 TWh.
Data published on OPCOM energy bourse shows the average price on bilateral energy contracts revolved around RON165/MWh (EUR37.8) in September, meaning the value of the contract between ArcelorMittal Galati and Tinmar Ind can be put at some EUR43 million.
(English version by Catalina Apostoiu)