Cinkarna Celje director general Tomaž Benčina highlights in the report the boom in the pigments and titanium oxide industry, which, coupled with pigment supply shortages, has had a very positive effect on sales prices.

Profitability has been further boosted by keeping costs, in particular production costs, under control, Benčina wrote.

The company invested EUR 13.3m into fixed assets in 2017, a 51% increase on 2016 and 8% more than planned.