{"id":5888,"date":"2021-07-12T08:21:36","date_gmt":"2021-07-12T08:21:36","guid":{"rendered":"https:\/\/libertysteelgroup.com\/cz\/?p=5888"},"modified":"2021-09-14T06:15:41","modified_gmt":"2021-09-14T06:15:41","slug":"liberty-ostrava-reports-best-production-quarter-since-2017","status":"publish","type":"post","link":"https:\/\/libertysteelgroup.com\/cz\/news\/liberty-ostrava-reports-best-production-quarter-since-2017\/?lang=en","title":{"rendered":"LIBERTY Ostrava reports best production quarter since 2017"},"content":{"rendered":"
LIBERTY Ostrava has reported its best quarter for production since 2017. <\/strong>Between 1 April and 30 June 2021, the steelworks shipped more than 600 thousand tonnes of steel products, with production for each month around 200,000 tonnes, the highest sustained monthly levels since 2008. Production for the quarter was almost 80% higher than the COVID-affected second quarter last year.<\/p>\n LIBERTY Ostrava also forecasts that its EBITDA for the second quarter of the year will be significantly more than the CZK 1.6 billion (EUR 60 million) it reported for the last quarter, which was the plant\u2019s best quarterly performance since it was acquired by GFG Alliance in July 2019. 天博体育官方网站 company\u2019s order books are healthy for the coming months while it has fully secured the raw material required to run at full capacity.<\/p>\n 天博体育官方网站 continued improvement in the plant\u2019s production performance have been underpinned by the plant\u2019s flexibility, which allows it to switch its product mix between Long (reinforced bars, road barriers etc) and Flat (Slabs & Hot Rolled Coils) steel products depending on market dynamics. This adaptability, has meant it has been able to effectively maximise returns from the strong Flat\u2019s market over the past six months.<\/p>\n Earlier this month, Aleksandr Ivanov was appointed the Executive Director of LIBERTY Ostrava, reporting into the business\u2019s Board of Directors. Oleksandr has a wealth of experience in the steel sector having had twenty years in senior positions within the industry, managing various operations as well as most recently serving as COO of Ukraine\u2019s largest integrated steel mill at Kryvyi Rih. Aleksandr has an Engineer Degree in industrial heat and power engineering.<\/p>\n Paramjit Kahlon, CEO Primary Steel and Integrated Mining, LIBERTY Steel Group, said: \u201c天博体育官方网站 whole LIBERTY Ostrava team should be proud of the achievement of such a great production performance, with every mill making a strong contribution. LIBERTY Ostrava is running ever more efficiently which will support our ambition to transform LIBERTY Ostrava into a modern GREENSTEEL plant, which will create an economically, environmentally and socially sustainable company. Aleksandr, the LIBERTY Ostrava team and I will continue to focus on improving the plant\u2019s production levels as well as accelerate the plant\u2019s ambitious plans to become carbon neutral by 2030.\u201d<\/em><\/p>\n\n\t\t