Centravis in Q3/2015: Improving Efficiency Despite Difficult Market Conditions
December 3, 2015, Kyiv – Centravis, the world’s leading supplier of high-quality seamless stainless tubes & pipes, puts even more emphasis on improving efficiency and productivity despite the negative market trends.
According to the letter from management, in Q3/2015 markets for stainless tubes and pipes remained very difficult.. The whole industry is suffering from overcapacities and still falling prices. The nickel price continued to decline, down to below USD 9,000 in November.
Centavis’ business transformation project started in September has successfully been launched. Eight modules have been defined for implementation in 2016, and major cost savings are expected from 2017 onwards. In Q3/2015 Centravis was approved by Valmet, one of the largest EU industrial corporations, for supply of recovery boiler tubes; and was included to the Achilles FPAL (UK) & JQS (Norway & Denmark) registries.
In November, Centravis also took part in the biggest industry global events: ADIPEC 2015 in Abu-Dhabi, Maastricht Stainless Steel World in Maastricht and tMetalExpo in Moscow.
For full version of Q3/2015 report please visit: http://www.centravis.com/news-center/news/549/
Media contacts:
Elena Pogorelova
Mob.: +380 50 352 0694
Elena.pogorelova@pleon.ua