Pljevlja Mine has a future

The Coal Mine in Pljevlja has a promising future and in the foreseeable future it could become an efficient market-oriented company, Predrag Boskovic, the Minister of the Economy has said today. At the beginning of his two-day ... More

Bulgarian firm Mineral In to build ferry terminal in Silistra

Mineral In, owned by mining company Kaolin, will build by the end of 2006 a terminal for a ferry boat service between the Bulgarian city of Silistra and the Romanian city of Calarasi. Last week, the company was granted a ... More

Romanian glass industry, on the verge of bankruptcy

Bucharest - After no less than six companies producing glass and related products were already closed, another 12 companies either face bankruptcy or are forced to shut down production capacities. The Authority for State Asset ... More

Holcim to invest 70 million Euro

Holcim plans to invest over 160 million Euro in various projects in the next three years, the most important one being the modernization of the Campulung-based plant, country manager Markus Wirth said. Around 105 million Euro ... More

New type of cement produced in factory

Cement Factory "Holcim Srbija" started production of new type of low hydration heat cement, which drew great attention of building companies on our market. This type of cement is sold under the name NM 30Z20p35. The cement ... More

Holcim to invest approx. EUR 70 M in 2006

Holcim Romania last year reported RON 600 M (EUR 166 M) in turnover, up 14 per cent compared to the approx. RON 527 M (EUR 130 M) reported in 2004, according to preliminary data released by the company. For 2006 we expect a ... More

ZAJACA MINES, smelting plant to go under privatization rocess

The first auction sale of the socially-owned company Rudnici i Topionica Zajaca mines and smelting plant has been scheduled for February 28 by the Privatization Agency. The starting price is $550,000 Euro, and the estimated value ... More

Saint Gobain opens production line in Calarasi

As from the end of 2006, Romania will export significant glass quantities, stated the general manager of Saint Gobain Glass Romania (SGG), Olivier Lluansi, referring to the perspectives of the market after the activity on ... More

Titan completes absorption of Pavlidis Bros Ready Mix Co.

Titan completed the acquisition and absorption of Pavlidis Bros Ready Mix, a ready mix / aggregates company in Greece. Titan announced the conclusion of the acquisition (through its subsidiary Interbeton) of Pavlidis Bros Ready ... More

Croatia’s Nasice Cement in talks with Delta, government to boost Toza Markovic stake

Croatian Nasice Cement, part of Nexe Group, is in talks with Belgrade-based Delta and the government to acquire their capital in Kikinda-based Toza Markovic and increase its stake in the construction materials maker from the ... More

Spain's Keros Ceramica eyes Rousse land plot

Spanish manufacturer of wall and floor tiles Keros Ceramica is interested in bidding for a site in the Rousse industrial park, the local government said. The guide price for the 11 ha land plot is 8 euro/sq m. The date for the ... More

Kosovo: “PHELPS DODGE” explores copper deposits in Kosovo

American company ''Phelps Dodge'', the largest producer of copper in the world, has received a licence for the exploration of copper deposits in Kosovo. They got the licence from the United Nations civil mission (UNMIK), which ... More

Bulgarian market boosts profits at Greece's Titan

Greece's Titan Cement was quoted by news agency AFX as saying its 9-month group net profit rose 13% y/y to 156 mln euro. Titan said demand in the Bulgarian market and a recovery in the Egyptian market contributed to the profit ... More

Bulgarian Drujba Glassworks to secure 140 mln euro bonds

A general meeting of Drujba Glassworks shareholders authorised the company managers to secure a 140 mln euro bond issued by the majority shareholder Yioula Glassworks, the Greek manufacturer of glass containers and tableware. ... More

European Investment Bank lends 60 million euro to Sisecam

The European Investment Bank lent 60 million Euros to Sisecam, a major glass manufacturing company in Turkey. Investments to be supported include the construction of a new float glass line and the construction of a ... More

Privatization Agency to call tender for marble and granite mine Vencac

The Privatization Agency will call a tender to sell marble and granite mine Vencac from Arandjelovac. The state has a 70% stake and employees a 26.2% stake in Vencac, whose original takeover contract has been annulled. The rest ... More

Adana Cement sets up two companies in Northern Cyprus

Adana Cement Industry and Trade SA announced the establishment of two companies in the self-proclaimed Turkish Republic of Northern Cyprus. The relevant announcement was sent to the Istanbul Stock Exchange (IMKB) stating that ... More

Paracin glass maker to export products worth EUR 10 million

Serbia’s largest glass maker Srpska Fabrika Stakla from Paracin, currently restructuring, will export products worth EUR 10 million this year, general manager Slobodan Baletic said. He added that 500 workers have ... More

100% Sales Increase for Bulgarian Ceramic Tiles Maker

Khan Asparuh AD (KAI), Bulgaria's biggest manufacturer of ceramic tiles, has seen a 100% jump in sales in the last 4 years, the company's executive director Zahari Bochev stated. The KAI brand can be found in 17 markets ... More

New investment of Elektroprivreda BiH in mine “Kakanj”

Agreement on procurement of five damper trucks for the pit "Vrtlište" in Coal Mine "Kakanj" was signed in Sarajevo today by director of the Mine Mirsad Jašarspahić and director of the company Premar Services AG ... More