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SIDENOR Focuses On International Operations

The group is pushing forward its investment programme, having already taken measures to tackle the recession.

SIDENOR proceeds to the enhancement of the plant of its Bulgarian subsidiary Stomana Industry which started operating in 2008.

60% of the groups sales for H12009 was channeled abroad and the prospects for SE Europe seem positive, given the need of these economies for modernization.

On this track, BETA Securities notes the increase of SIDENORs operations in the area and says that “robust growth will come with the geographical expansion and the development of new prosucts.”

Euroxx Securities in a report stresses the fact that the crisis has created new opportunities, especially from small companies in Greece and abroad which may want to be acquired.
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