Liberty Ostrava Reports Strong Performance in Apr-Jun'21 Quarter
GFG Alliance’s Czech Republic based steelmaker Liberty Ostrava produced & shipped more than 600,000 tonnes of steel products in April-June 2021, best quarterly production since 2017. Liberty Ostrava said “The continued improvement in the plant’s production performance has been underpinned by the plant's flexibility, which allows it to switch its product mix between long and flat steel products depending on market dynamics. Its EBITDA for the second quarter will be significantly more than the EUR 60 million the company reported for the first quarter.”
Liberty Ostrava added “It will continue to focus on improving production levels as well as accelerate its plans to become carbon neutral by 2030.”
Liberty Ostrava AS is an integrated steel business with an annual production capacity of approximately 3.6 million tonnes per annum serving construction, machinery and oil & gas industries. The company is a domestic leader in the manufacture of road barriers and tubes. In addition to the Czech market, it supplies its products to more than 40 countries around the world.