Cinkarna Celje publishes its business plan for 2022 as well as estimates for 2021 operations.

Starting with 2021 results, the company expects it will exceed the profit plan set for 2021 estimated at EUR 27.1m. This EUR 27m includes EUR of 2.6m of environmental provisions for ONOB (Bukovlžlak Non-Hazardous Waste Landfill). These provisions are expected to lower the result for Q4 2021. This estimate also includes the projected impact of the overhaul and loss of production of app. 4,500 tons of titanium dioxide in Q4 2021.

The focus of the company going forward remains on maximizing production capacity and using the market potentials by selling products with higher value-added. At the same time the goal is optimizing of production costs while implementing investment plans.

The company’s development activity follows a 5-year strategy, while development activities themselves are carried out according to trends or customer expectations. There is also a focus on the introduction of improvements in all processes that enable better product quality, achieve higher efficiency and machine capacity.

For 2022, the profitability plan exceeds the forecasts in the medium-term development strategy. Margins are expected to settle at a lower level, due to the company not forecasting increases in finished product prices, which could occur due to the rise in prices of raw material and energy, and changes in the macroeconomic conditions in the global industry. The planned net profit in 2022 is at EUR 20.1m.

To read the whole plan in detail, click here.