September 08, 2008

Z-Group\'s steel units sales in 2007 up by 13% YoY

Mr Marcela Mrazkova project manger of Z Group said that its steel companies saw a 13% YoY growth in sales to CZK 8.7 billion in 2007.

It’s Zelezarny Hradek, Zelezarny Veseli na Morave and Zelezarny Chomutov produced 435,000 tonnes of steel in 2007. Over a half of 2007, its production was exported, mostly to the EU, USA, South America and Asia.

Mr Mrazkova said that "We expect further economic growth of all companies this year."

The first time the steel group of entrepreneur Mr Zdenek Zemek ended in black figures was in 2005 after a drastic restructuring of production. It has been improving notably its economic indicators ever since. Wages at the company are growing as well and the collective agreement signed for this year guarantees a 6% wage increase.