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Sunday, December 19, 2004
Galati-based steel smelter Ispat Sidex, controlled by LNM Group, expects a 2004 turnover of 2.1 billion USD, nearly doubling its 2003 result, company officials said. The company's output could reach five million tonnes of steel, from 4.6 million tonnes last year.
In 2003, the company reported a turnover of 1.28 billion USD and obtained a profit for the first time since its privatization in 2001. According to Mediafax, Ispat Sidex general manager Narendra Chaudhary did not specify the value of this year's expected profit, but said it would exceed last year's figure, which stood at 114 million USD.
Posted by Mircea : 12/19/2004 11:51:00 pm
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