ZM Ropczyce to diversify its business

Zakłady Magnetyzowe Ropczyce, a WSE-listed company, wants to diversify its business operations and expand geographic reach. The chief aim of the company is to move away from iron and steel metallurgy and diversify in different branches. Ropczyce produces products for industries that use high-temperature ovens in their production processes. The company's net profits reached PLN 12.766 million last year, according to Ropczyce's website. It appears that the conflict in Ukraine has slowed business in the easterly direction, but the company is seeing a return to norms in orders from Russia as well as Ukraine. Furthermore, ZM Ropczyce is looking for business partners in other countries in Africa, South America and Australia, reported ISBnews.