Hydro PT Pune has made losses in 2019 and is expected to make a loss also in 2020. The long-term market outlook is negative for PT Pune, as most products are used for the combustion engine market where demand for Pune products is declining.
Hydro Precision Tubing remains committed to the precision tubing markets globally and will continue to have a strong footprint in Europe, Asia and North- and South America, maintaining its close cooperation and good relations with customers.
The Pune plant employs 61 people.
Published: June 22, 2020