The welding electrode manufacturer PJSC PlasmaTec (Vinnytsia) saw a 38% rise in electrode production and sales in 2017, to over 40,000 tonnes, according to a company financial report. “This is the highest figure among manufacturers of welding electrodes of Ukraine and Belarus,” the company said. At the same time, the increase in production and sales relates to the implementation of the program for the renewal of fixed assets: in 2017, more than UAH 98.5 million was invested in production (in 2016 – UAH 109.4 million), including UAH 75.77 million for modernization and purchase of real estate (UAH 35.37 million), and UAH 22.75 million – for the purchase of new equipment and modernization (UAH 74 million).
According to the report, the consolidated net income of PJSC PlasmaTec increased by 43.5% in 2017, to UAH 1.335 billion, the net profit coincides with the earlier announced preliminary UAH 143.86 million (almost doubled on 2016).
The main rivals of the company are Paton Welding Plant, Vistec LLC and BaDM LLC. The enterprise’s products are sold through a wholesale network in 19 regions of Ukraine, through intermediaries in Latvia, Estonia, Moldova, Lithuania, Belarus, Romania, Poland, Russia and Kazakhstan. This year PlasmaTec plans, in particular, to expand the geography of sales in the EU countries, as well as in Uzbekistan, Turkmenistan and Tajikistan.
