Zaporizhia Ferroalloys Expects Drop in Its Output in 2009
OREANDA-NEWS. On 11 February 2009 was announced, that in 2009, Zaporizhia Ferroalloys (PFTS: ZFER) expects its output at the level of about 226 thousand tonnes of products, being 58% of its output in 2008.
Pavel Kravchenko, its board chair, said the company capacities utilization is now just about 25%, 12 in 31 melting furnaces are being operated, and 1,298 in 3,383 workers are involved in the production cycle.
The company plans that by the middle of the second quarter about 50% of all production capacities will be utilized and this utilization level will be maintained till the end of 2009.
In 2008, Zaporizhia Ferroalloys cut its output by 21.4% versus 2007 – to 386.2 thousand tonnes.
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