Třinec steel producer managed to earn more than CZK one billion
In 2017, Třinecké železárny (TŽ) earned CZK 35.859 billion for sales of products and semi-products. It was CZK 3.64 billion more than in 2016. The General Meeting has concluded the company's profit with CZK 1.424 billion, representing a slight decrease compared to 2016 despite the higher sales volume.
The lower operating result was influenced by the increase in the prices of the decisive input commodities and higher personnel costs. Last year, the company invested more than 2.7 billion crowns in new facilities including ecological projects.
The production of crude steel at Třinecké železárny in 2017 fell from 2,605 million tonnes in 2016 to 2,528 million tonnes. The main reason was the reconstruction of the gas conversion station at the oxygen converter steel plant. "Despite the difficult conditions of investment construction, we have continued to be the largest producer of steel and rolled material, when every second tonne of Czech steel was cast in Třinec," says Tomáš Chrenek, Chairman of the Supervisory Board. As a result, the company retained its position as the largest steel producer in the Czech Republic, which has been holding for nine years.
In the overall summary, the best-selling product is a wire rod in amount of 995 kt, whose share of total sales in 2017 reached 42.6%.