Alcomet Plans To Hike Sales By More Than 20% This Year

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Alcomet Plans To Hike Sales By More Than 20% This Year

Alcomet Jsc is planning to boost sales by more than 20% this year. Export is forecast to top 150 mln euros (76.6 mln euros) and production output is expected to reach 55,000 tonnes per year.

The company plans to invest some 7.27 mln leva (3.7 mln euros) in modernization and reconstruction of facilities this year.

Last year investments amounted to 8.711 mln leva and investments between 2003 and 2006 top 40 mln euros.

Export accounted for 85% of sales last year.

Last year the company exported to 20 foreign countries, mainly in EU – Germany (32% of exports), Italy (11%), France (8%) and Austria (6%). 14% of production was realized on the home market.

The company posted net profit of 3.762 mln leva (1.92 mln euros) last year at sales revenues in the amount of 246.6 mln leva (126 mln euros), compared with 4.572 mln leva (2.33 mln euros) in earnings and 211.3 mln leva (108 mln euros) revenues in 2006.

In 2006 production capacity stood at 3,368 tonnes per week, which grew to 3,88 tonnes last year (14.86%).

January 2008 output stood at 7,760 tonnes worth 38.612 mln leva (19.7 mln euros).

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