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09 May
10:43

France's Ascometal returns to profitability

Global automotive and mechanical engineering output should improve throughout 2016, French engineering steels producer Ascometal forecasts in its first annual financial report since it was bought out by Sweden’s Ovako together with a French consortium in 2014. Ascometal’s turnover in 2015 amounted to €829 million ($944.8m), confirming the satisfying performance of commercial activity over the last 19 months, the firm says. This happened des…
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