Brief: ZBM Zremb-Chojnice Updates On Impact Of Conflict In Ukraine On Its Business

Zaklad Budowy Maszyn Zremb Chojnice SA

15/03/2022 13:55

March 15 (Reuters) - Zaklad Budowy Maszyn Zremb Chojnice SA
 ZRE.WA :
    * UPDATES ON IMPACT OF CONFLICT IN UKRAINE ON ITS BUSINESS
    * SINCE OUTBREAK OF CONFLICT IN UKRAINE, COMPANY NOTICED
INCREASED
INTEREST IN  SEGMENT CONTAINERS
    * AT PRESENT COMPANY HAS FULLY ALLOCATED PRODUCTION CAPACITY
RELATED TO IMPLEMENTATION OF PREVIOUS ORDERS ORDERS
    * NEVERTHELESS DUE TO SITUATION MEASURES WERE TAKEN TO
INCREASE
COMPANY'S PRODUCTION CAPACITY
    * ANOTHER CONSEQUENCE OF CONFLICT IN UKRAINE IS UNCERTAINTY
AROUND
STEEL PRICES AND ITS AVAILABILITY
    * WARFARE AND INTRODUCED SANCTIONS HALTED PART OF STEEL
SUPPLY
CHAIN
    * COMPANY SECURED NEEDED STEEL MATERIALS FOR MOST OF ORDERS
THEY
CARRY OUT
    * HOWEVER NEW ORDERS INCLUDING THOSE RELATED TO SITUATION IN
UKRAINE ARE CAUSING SIGNIFICANT RISK OF PROFITABILITY OF SUCH
CONTRACTS
    * THIS MIGHT TRANSLATE INTO TAKING LONGER TIME SEE ACHIEVED
GAIN
IN FINANCIAL RESULTS
    * COMPANY IS TAKING STEPS TO RENEGOTIATE PRICES FOR
LONG-TERM
CONTRACTS

Source text for Eikon:  ID:nEM9T9bxya 
Further company coverage:  ZRE.WA 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))