Ferrum halts production at its Pilar plant for the entire month due to a sharp drop in sales

Iron decided to partially stop the monthly production of sanitary devices due to the “accumulated inventory level of finished product,” the company said.

Production at its Villa Rosa plant in Pilar will be halted from July 1 to July 31 inclusive. “During this period, its industrial plant located in Avellaneda will continue to operate normally“, the firm stated in a note to the Securities Commission. This centre also produces high-end sanitary ware. The company also manufactures FV taps.

The company said that its stock of sanitary appliances is sufficient to “meet the usual expectations of demand without affecting the company’s business operations.”

The construction It is one of the sectors most affected by the drop in revenue. In April alone, the sector collapsed by 37%, for a total drop of 32% in the first four months, and especially in the articles sector. Ceramic sanitary ware lost 48%according to official data from INDEC.

Due to the drop in demand, Ferrum had applied suspensions of 800 of its 1,500 employees in the taps sector for a total of 26 days in May and June, and, for July, it planned a 9-day stoppage in this branch of the business.