Centravis Production Ukraine increases efficiency and productivity despite negative trends on the market.
According to the company statement, in Q3 the seamless pipes market was still in a difficult situation. The industry was suffering from excessive capacities and the ongoing price fall. Nickel price kept getting lower and dropped below $9 thousand per ton.
In September the company implemented its business transformation project. For 2016 Centravis has determined 8 modules, and expects decrease in expenses in 2017.
In Q3 Centravis was certified by Valmet to supply seamless stainless pipes. The company was also entered into Achilles Fpal and JQS registers. (Ukrainian metal)