Search on
News Title
News Details
Reports/Directory
Glossary
 
Title_head
Production pruning - Sometra to temporarily halt output
47 times viewed.
Friday, 30 Jan 2009
EmailButton
Pdf_button

Reuters reported that Romanian zinc and lead maker Sometra will temporarily halt production and dismiss 80% of its employees in response to falling metal prices.

Mr Eugen Secmerean spokesman of Sometra said that "We will temporarily stop activity and we will oust 80% of our 1,050 employees because of the global crisis. Zinc and lead prices fell dramatically and this causes us great losses." He added that a resumption of production would depend on global market conditions.

It may be noted that Sometra produced 65,000 tonnes of zinc and 20,000 tonnes of lead last year.

(Sourced from www.reuters.com)

Expanded Metal by Anping County Huijin Wire Mesh Co., Ltd.
Galvanized Steel by Beijing Xinruilufeng Industry and Trade Co., Ltd.
Galvanized Sheets Manufacturers & Suppliers
Hot Dip Galvanized Steel Manufacturers & Suppliers

sail
cbmm
ferrotech
Ferroalloys
More International News
 
Disclaimer|Copyright Policy|Privacy Policy|About us|Feedback|Contact us|FAQ|Site Map|Know about SteelGuru