Ferrum Halts Production at Villa Rosa Plant Amidst Economic Uncertainty

Ferrum, a leading manufacturer of sanitary devices, has announced a temporary halt in the monthly production of these devices at its Villa Rosa plant in Pilar from July 1 to July 31 inclusive. However, the industrial plant located in Avellaneda will continue to operate normally during this period, as it also produces high-end sanitary ware and FV taps. The company’s current stock of sanitary appliances is enough to meet the usual expectations of demand without impacting the company’s business operations.

The construction sector has been significantly affected by the drop in revenue, with a 37% collapse in April alone and a total drop of 32% in the first four months, particularly in the articles sector. Ceramic sanitary ware saw a 48% decline according to official data from INDEC. As a result of the decrease in demand, Ferrum had implemented suspensions for 800 of its 1,500 employees in the taps sector for a total of 26 days in May and June. Additionally, a 9-day stoppage was planned for July in this branch of the business.

Ferrum’s proactive approach aims to ensure its sustainability in the face of economic challenges and uncertainties in the industry. By carefully managing its resources and production capacities, Ferrum is positioning itself to adapt to changing market conditions and maintain its competitiveness in the sector.