The company controlled by Russian group TMK, one of the world’s biggest pipe producers, set up a 198,000-ton production target for the Slatina plant, after the plant manufactured 189,000 in 2014. While output is due to rise by only 4%, the company hopes to get better prices and increase its revenue by 15% on 2014, to RON1.12 billion.
In 2014, the company posted record high figures, both in terms of pipe output and revenue and profit despite the unfavorable market context amid the low demand and Ukrainian conflict.
(English version by Catalina Apostoiu)