Mining and metals company terra fame of the operating result increased in July–September to 19.6 million, while a year earlier was 4.7 million euros. Three-month net sales grew by about one-fifth 102,4 million.
terra fame ceo Joni Lukkaroinen tell you, that of the nickel dollar-denominated prices rose strongly in July–September. Lukkaroisen according to the continued good production and a sharp rise in the price of nickel increased net sales to record levels.
– Nickel dollar-denominated prices rose strongly in July–September, 2019, when the average price was 17.0 percent higher than in 2018 the corresponding period and 26.7% higher than in April–June, 2019, Lukkaroinen said in the announcement (switch to another service).
– we Particularly welcome the fact that the turnover of the reinforcement also reflected in ebitda that increased in the third quarter of 29.8 million and was 29% of net sales. This is an excellent result for an individual quarter.
terra fame got in October ready for the annual strategy process. Lukkaroisen according to goal is to be a nickel producer of the world’s most cost effective quarter of the crowd.
Now, when our production is stabilizing planned level, we will continue the purposeful and systematic work to improve operational efficiency.
the factory buildings rose
terra fame decided last year in the fall to invest in electric cars to the needs of the planned battery of chemical plant, which is scheduled to start operations in 2021. According to the company construction technical work are well advanced and the first production building of steel, the shell and roof structures, installing is nearing its end. Also the buildings internal building engineering systems installation have been started.
battery chemical factory will move us on to metal processing chain in forward specialty chemicals manufacturer. This means for us as a company, also a new kind of positioning of battery chemicals on the market, Lukkaroinen tell Sotkamo come from the factory in.
the battery’s chemical plant, the production of the environmental permit application has been submitted to the Northern Finland regional state administrative agency in April.
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