OFZ expands in Russia

24.11.2017

Alloy maker OFZ Istebné (Vladimír Klocok) has acquired a small plant in Russia, with 20 people making silico-calcium from Evraz, controlled by Roman Abramovich. Silico-calcium is used in making steel. OFZ has been in acquisition talks since late 2015, and would not disclose the transaction value. Since the war in Ukraine, OFZ has been under pressure from cheap Ukrainian competitors who lost access to Russian market and started to expand in the EU. OFZ is trying to enter new markets, too. Last year, its net profit fell 74% to €0.7m and its sales were down 13% to €102.7m.

 

(HN/1)

Please reload

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

Chinese Zhenhua Data has been collecting information about Slovaks

18.09.2020

Chinese firm Zhenhua Data has been collecting information about people and institutions from all over the world and providing it to Chinese institutio...

Security hole in eHealth

18.09.2020

Ethical hacker Pavol Lupták and his Nethemba company have found a security hole in the eHealth app. He was able to download a list of 390,000 people t...

Bezpečnostná diera v eHealth

18.09.2020

Etický hacker Pavol Lupták a jeho firma Nethemba odhalili obrovskú bezpečnostnú dieru v štátnej aplikácii eZdravie. Bol schopný získať zoznam 390.000...

1/5
Please reload

Copyright  © 1994 - 2019    Symsite Research         All rights reserved.