Plannja – first fabrication line in Romania

Swedish company Plannja specializing in the manufacturing of profiled cladding of thin sheet of steel is formally launching on Thursday its first fabrication line in Romania, the result of an investment of approximately EUR 9 M, ... More

New aluminium recycling factory to open in 2011

Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic and President of the Industricum Company Jan Driessens today signed an agreement on the sale of the bankrupt public company Matroz and a ... More

Aluminij Mostar announced production to full capacity.

One of the strongest companies in Bosnia and Herzegovina, the Aluminij aluminium smelter, has started the gradual process of increasing production back to full capacity. Local media hailed the good news from Bosnia’s ... More

Radomir Metal to shed 100 more jobs

The worsening global economic conditions will set off another round of downsizing at Bulgaria’s steel products maker Radomir Metal Industries, which will let go of 100 workers. The announcement was made by the ... More

Metalac privatization undone

Serbian Privatization Agency terminated the contract between Ivanjica-based Metalac and Bulgaria-based Bulcvet because the Bulgarian owner did not make the agreed investments and did not pay the workers regularly. Bulgarian ... More

Copper miner Asarel Medet to lay off 193 workers

Bulgaria’s open pit copper miner Asarel Medet will downsize its workforce as sliding global copper prices caused it to trim its annual output, said the company’s human resources director, Aleksander Chobanov. In ... More

ArcelorMittal Roman shuts down all production facilities for three weeks

ArcelorMittal Tubular Products Roman’s manufacturing facilities will begin a three-week shutdown, while the product processing unit will be the only one to remain in function, said the leader of the trade union, Gheorghe ... More

Three unions of Arcelor Mittal to piquet the plant on February 10

Three out of the four important unions from the metallurgical plant ArcelorMittal Galati – FSS Metarom, US Forum and UTSL – decided to piquet the plant on February 10 Agerpres informs. The three unions expressed ... More

Kremikovtzi may resort to barter

A tolling agreement or an acquisition of Bulgaria’s debt-ridden steel maker Kremikovtzi may turn out to be an unlikely scenario as suitors fear losses from the tight steel market, sources close to the matter told Dnevnik. ... More

Kremikovtzi talks enter final stage

Ukrainian company Smart Group and the Government have reached agreement in principle on its commitments if it is picked the new owner of Bulgaria’s debt-ridden steel mill Kremikovtzi, said Deputy Economy Minister Nina ... More

Laminorul Braila ceased production

SC Laminorul SA Braila ceased production until March 2009, due to the international crisis that affects the Romanian metal processing industry as well, according to Agerpres. According to Constantin Iarca, union leader of SC ... More

Aluminj Mostar to cut output

Bosnia's aluminium smelter Aluminij Mostar will cut production and jobs in 2009 because of low prices for the metal and high electricity prices, the company's general manager said. Bosnia's largest exporter did not give ... More

ArcelorMittal closes down laminate plant

ArcelorMittal closed down the Flat Laminate Plant on December 21 because of financial difficulties and lower number of orders coming from abroad, ‘Evenimentul Zilei’ daily reports. The development happens in the ... More

Govt backs Arcelor Mittal as tension builds up at Kremikovtzi

Things at Bulgaria’s beaten-down steel maker Kremikovtzi are worsening by the day as the plant has suspended production and is only kept in workload mode in the face of dwindling raw materials, an unnamed operating manager ... More

Metalno and Dia sign contract

Zenica-based Metalno and German Dia signed a contract today about the delivery of steel constructions and boiler elements for the biggest thermal power station that is under construction in Germany. The contract is worth BAM ... More

Austrian group Voestalpine signed an agreement memorandum with Bulgarian authorities

The Austrian group Voestalpine signed on Monday an agreement memorandum with Bulgarian authorities and is one step away to choose Bulgaria for its 5 billion euro investment it plans for Europe, Novinite informs. Also in the race ... More

Birač alumina producer to lay off 250 workers

By the end of the week, 250 employees of the alumina producer Tvornica glinice Birač from Zvornik will be left jobless. The list of redundant employees appeared last week, and it met with fierce reactions since it included ... More

RS paid KM 28.8m of subsidies to factory Birač

In five years, the Republic of Srpska (RS) paid KM 28.8m on the basis of subsidies for electric energy to alumina factory Birač Zvornik, which announced the dismissal of 245 workers. In 2003, after months-long negotiations, ... More

"Gazit-Globe" acquires factory "Alumina"

Company "Gazit-Globe", through its branch in Macedonia "G-Macedonia", has become the owner of factory "Alumina" and its land, said the Cabinet of Minister without Portfolio Gligor Taskovic in a press release. The company, ... More

Alumina factory announces restructuring

The alumina producer from Zvornik – Birac – has unveiled the conclusions and recommendations of an analysis by the Deloitte consultants. As part of the restructuring and consolidation, the majority owner – ... More