FERAMO GROWTH: 2-3 years Investment programme to be adjusted to current
market conditions. Revised capex of around 6-7 Mio€ allowing to increase
volume from 15k to 35k tones and triple revenues from sales in 3-4 years will be
launched soon. First preliminary investments will be done in the begining of
2011.
Iron: To utilise free capacity there are several new automotive projects under
negotiations. For some of them, their SOP might be even expected in 2011.
Aluminium GROWTH: Front calipers and iron machining already started in
2009 with a massive production comenced in January 2011 and jointly with TMC
are gaining important share in the alu segment.
New iron products – to utilise a new capacity at Feramo a number of new iron
projects is currently under negotiations with customers. Fuchosa transfers
nodular iron technology to Feramo and will support the company at R&D level
Group reorganization – Final debt restructuring was completed. With a new
long-term financing agreement, signed in November 2010, the Group will visibly
improve its cash management and reduce costs of the debt.