Hungary’s D and D Drotaru has been acquired by Czech Trinecke Zelezarny, making it the biggest maker of steel wire and reinforcement bars in Central and Eastern Europe.
The key product portfolio of the D & D Drotaru, employing 150 people and sitting in Miskolc, is cold drawn wire, stabilized prestressing wires, stabilized prestressing strands used mainly in building and mining industry, as well as steel fibres for use in the concrete floors. The company turns out about 100,000 tons of product a year and exports 80% of its output.
Trinecke Zelezarny, earlier one of D and D Drotaru’s trading partners, is the Czech Republic’s second-biggest iron works. The company has made losses for three years but expects to turn a profit in 2011.