Ferrum has announced that it will temporarily halt the monthly production of sanitary devices at its Villa Rosa plant in Pilar from July 1 to July 31 due to an accumulated inventory level of finished products. 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 stated that its current stock of sanitary appliances is enough to meet regular demand expectations without disrupting its business operations. Despite a decrease in revenue in the construction sector, particularly in the ceramic sanitary ware sector, which saw a 48% decrease according to official data from INDEC, Ferrum continues to adapt to the evolving market conditions.
In response to decreased demand, Ferrum had previously applied suspensions to 800 of its 1,500 employees in the taps sector for 26 days in May and June. They also planned a 9-day stoppage in July for this branch of the business. Through these strategic decisions, the company aims to maintain its position as a leader in the sanitary device manufacturing sector while navigating the challenges posed by the current economic environment.
