Armax Gaz Medias plans to expand to Russia and Middle East

Metal structures manufacturer Armax Gaz Medias plans to expand its activities to Russian and Middle East markets in 2008-2010, said the company’s CEO, Mircea Vescan. The company might open an economic center within the ... More

Global Steel deal valid

The Business Court in Bijelo Polje has refused the complaint from the Balkan Energy Company to the decision of the trustee in bankruptcy of the Lignite Mine in Berane to sell the property of the company to the British company ... More

Over EUR 310 M turnover for ROMSTAL

Last year, the turnover of the Romstal group exceeded EUR 310 M, amounting to a 40 per cent increase, against the previous year, according to a company press release submitted to Rompres. Romstal, with outlets in Romania, the ... More

Borusan increases international investing

As part of its growth and investment strategy, Borusan announced it would buy shares of BM Holding, the main investor in Borusan Mannesmann Vobarno Tubi SPA, for $3.5 million. Borusan Mannesmann Vobarno Tubi SPA will be used ... More

Polymetal invests EUR 2.5 million in pipes factory

Polymetal invested some EUR 2.5 million in a pipe factory on the Faur platform based in Bucharest. It estimates for this year sales of some EUR 18 million, said the company’s sales director, Baris Turkmen. The factory has a ... More

Alumil might see 15 percent increase in turnover

Alumil Rom Industry Bucharest might register a 12-15 percent increase in turnover compared to EUR 27.3 million posted last year. Last year Alumil turnover increased with 21.5 percent on 2005 and the net profit reached EUR 3.9 ... More

Johnson Matthey to open factory in FYR Macedonia

Multinational company "Johnson Matthey" has chosen FYRMacedonia, among ten other European countries, as a country where it can spread its production. The factory will be build in Bunardzik free zone, whereas the production ... More

Cuprom to take over Serbia’s RTB Bor in July for USD 400 M

Romanian copper manufacturer Cuprom will take over in early July the assets of Serbian RTB Bor mining company, within 120 days from the signing of the privatisation contract on March 5, Horia Simu, Chairman of the company’s ... More

88% of largest aluminium smelter up for sale in Bosnia

The government of the Federation of Bosnia and Herzegovina has agreed with aluminium smelter Aluminijski Kombinat of Mostar, the major aluminium producer in the country, the sale of an 88% stake in the company, said the office of ... More

Two Bidders Remain in the Game for Steel Group

Two out of three original bidders remained in the game for the acquisition of the 55.35% stake that the state is selling in the Steel group Slovenska industrija jekla (SIJ), the SIJ privatisation commission said on Monday, 8 ... More

Cuprom SA Romania first-ranked bidder for RTB Bor

The Serbian Privatisation Agency stated today that the tender commission for the sale of property and transfer of exploitation rights of the Bor mining and metallurgical complex RTB has declared Cuprom SA Romania the first-ranked ... More

TRD Metalurgija Sold to German-Slovenian Joint Venture

German-Slovenian joint venture W&P Profil Solarvalue Holding on Wednesday, 20 December acquired a 90.78% stake in TDR Metalurgija, the Ruse-based maker of ferro-alloys and calcium carbide, for the symbolic sum of SIT 55m (EUR ... More

Cuprom bids highest for RTB Bor

The Romanian Cuprom company bid 400 million dollars for the purchase of RTB Bor’s property. According to the Privatization Agency, the East Point and ORN fund consortium bid 340.1 million dollars and Amalco bid 288 ... More

Kosovo tube factory privatized for €3.6 million

Dailies report that the Tube Factory in Ferizaj was sold for €3.6 million. The investor committed to invest €13.2 million in the enterprise and hire 360 workers. The factory’s workers and the management said ... More

KAP Among leading companies in Europe in six years

In five to six years, the Aluminium Complex in Podgorica (KAP) one of the major polluters, shall become one of the leading and the cleanest industrial plants in Europe, Murat Mursalinov, the Chief Expert for environmental ... More

Slovenian Impol opens new plant in Serbia

Aluminum rolling mill Impol-Sevanj has opened a new production facility in Sevojno. The company, which is in the majority ownership of Slovenian aluminum maker Impol, opened the new foundry with the capacity of 50,000 tons of ... More

Docab invests EUR 6 million in plant in Hunedoara

Docab will invest in the next two years some EUR 6 million to build a factory of metallic components in the Hunedoara industrial park, said the company’s administrator Eftimiu Soare. In the first stage, the company will ... More

Mittal Steel Galati risks suspension of environmental licence

Mittal Steel Galati company risks losing its environmental permit for delays in upgrading polluting installations, and needs to invest USD 76.1 M in measures for the protection of the environment, Environment Commissar Ion Drugan ... More

Moody's assigns Caa1 to Kremikovtzi AD bonds

Moody's Investors Service said it has assigned Caa1 corporate family ratings to Kremikovtzi AD and Caa1 rating to its 7 year secured guaranteed bond issued at Bulgaria Steel Finance BV with stable outlook. This is the first time ... More

Redundancy payments from €10,000 to €23,000

According to the new social program, the redundancy payments for workers of the Steelworks in Niksic, shall range from €10,000 to € 23,000 depending on their years of service and housing problems. This has been ... More