Press releases

Production of hydrogen from coke oven gas as well as increasing the potential of steel utilization in environmental sectors. In addition to looking for options to address the European Union's requirements for reducing CO2 emissions, these are the key topics for further steps towards greening production at Třinecké železárny (TŽ).

On Monday, June 24, the General Meeting of Třinecké železárny concluded the year 2018. Despite the difficult situation on the steel market, the Company achieved a profit of CZK 3.33 billion after tax last year. Revenues from the sale of products, services and goods amounted to CZK 40.496 billion. This is CZK 4.637 billion more compared to 2017.

In 2017, Třinecké železárny (TŽ) earned CZK 35.859 billion for sales of products and semi-products. It was CZK 3.64 billion more than in 2016. Today, the General Meeting has concluded the company's profit with CZK 1.424 billion, representing a slight decrease compared to 2016 despite the higher sales volume.

Steel maker Třinecké železárny plans to invest more than three billion Czech crowns in modernisation and equipment renewal this year, with almost one third of the amount being earmarked for the environmental projects. It is the most significant financial expense for the last ten years. In Třinec it refers to super renewal year when major transformation will pass through the heart of mills – blooming mill. Minor changes are also awaiting for the steel and iron production plant, company builds new facilities to increase the added value and the production quality during the finalization processes.

The Collective Agreement guarantees employees of Třinecké železárny earnings growth for the current year. Appendix dealing with the wage growth was signed by the senior management of steelworks together with representatives of ZO OS KOVO (the unions) on Monday 30 January 2017.

Recently, VÚHŽ as a subsidiary company of Třinecké železárny, has started to modernise the rolling mill of special profiles. Investments will amount to CZK 83 million and it is predicted to increase mill capacity by fifty percent. Simultaneously, the company is going to widen its product portfolio to the larger and more complex shape profiles to gain safety at work.

Třinecké železárny (TŽ) sold goods and services in amount of CZK 32.217 billion in 2016. It is 4.7 billion less than in 2015. This is due to the fall in steel prices in the markets due to overproduction in Europe as well as in the third countries. Yesterday, the TŽ General Meeting concluded the fiscal year of 2016 with a positive result of CZK 1.44 billion after tax.

The night on August 1, the blooming mill finally stopped. This year's biggest investment in Třinecké železárny – the modernization of the plant, which is called the heart of all rolling mills by the rolling mill employees – has begun. This rolling mill processes up to 600 thousand tons of steel of the heaviest profiles such as blooms and slabs, inputs to the reversing mill to be transformed into the billets or rails. The obsolete rolling mill needs a complete replacement. The investment amounts to CZK 700 million.

The construction of the new hall and facilities as well as the expansion of the existing production capacity by 17,000 tons is planned for the operation of the Třinecké železárny Steel Drawing Plant in Staré Město u Uherského Hradiště. The reason for ti is growing demand for drawn steel, which is mainly used in the automotive industry, but also in engineering, or manufacturing of screws, furniture and threaded rods.

This morning, the first heated steel bloom has passed through the modernized rolling mill in Třinecké železárny (TŽ). So-called hot tests have begun to check if the newly installed technology is working properly.