Press Release. Duferco Group: just published the Annual Report with the half-year fiscal result and the integrated report on sustainability. Duferdofin-Nucor: positive performances in the last period.
Duferco Group just published the Annual Report concerning the 2018 financial results and the 2019 half year results. The performances of the last period confirm the trend of growth already witnessed in the previous year with revenues up to USD 8.1 billion and the profit up to USD 46 million.
In this context, Duferdofin-Nucor, the steel division of Duferco Group, contributed considerably to this result. Despite the commercial restrictions and uncertainties, the global demand for steel remained robust and allowed Duferdofin-Nucor to witness a growth of 21% of the revenues, which increased to EUR 559.3 million, and of the net profit, which increased from EUR 1.1 to 2.1 million.
Duferdofin-Nucor, a 50:50 joint venture between Duferco Group and Nucor Corporation (the largest steel producer in America), is market leader in Italy for the production of steel beam, with a capacity of 950,000 tons a year. The role of the division is about to become even more strategic thanks to an investment of 150 million euros for a new beam rolling mill, which is expected to be operational by mid-2022 and create 150 full-time job.
Franco Monteferrario, Ceo of the Group, said:
We are deeply thankful to Duferco Group and Nucor Corpoation for their decision to realize the new beam rolling mill in San Zeno Naviglio, Brescia. This will improve Duferdofin-Nucor’s performances and competitiveness in the steel industry, which is the core business of the group. The new plant will be created according to the most innovative technologies in terms of digitization, artificial intelligence and automation. The main goal of the investment is to improve the efficiency of the whole production process and create a sustainable smart factory, with a low environmental impact and high safety standard.
For the first time the Annual Report includes an Integrated Report on the activities in the area of Corporate Social Responsibility, risk management and impact assessment. Over time, the Group intends to arrange for global accountability in compliance with the Global Reporting Initiative (GRI) standard. With regard to the steel division, the attention is mainly focused on safety and environmental sustainability.
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