Mittal and Saudis Target Metallurgy Sector

The Croatian government gave the green light for the privatisation of Sibenik-based TLM and Sisak-based Valjaonica cijevi. Croatian Privatisation Fund accepted in March all related conditions for the sale of these two companies, ... More


EUR 6 Million Profits For Mittal Steel Roman In Q1

Mittal Steel Roman saw EUR 6 million in profit for this year, a 24.23 percent increase compared to the similar period in 2005. The turnover for the first quarter was of EUR 73.9 million, compared to the EUR 50.7 million in the ... More


Poland eyes Sisak Ironworks

Croatia is a southeast Europe leader and represents important economic partner to Poland, said during Poland-Croatia business forum held on Thursday in Warsaw Polish Minister of Economy Grzegorz Wozniak,"CT" reports. Croatian ... More


Winkhaus Opens Branch In Romania

German Winkhaus, specialized in commercializing iron products for doors and windows have recently opened a distribution company in Romania, their 11th subsidiary worldwide. The company's headquarters is in Bucharest. There, the ... More


Metalac invests €3m in new factory

Gornji Milanovac-based company Metalac invested EUR 3 million in new facility for production of boilers, which will employ 35 workers, company general manager Petrasin Jakovljevic stated. He said that the facility will be put ... More


Stomana to expand distribution network

Stomana Industry, the Pernik-based steel maker, intends to add over the next 12 months warehouses for finished products in Rousse, Yambol and Stara Zagora. The company already operates distribution centers in Pernik, Bourgas and ... More


Customs office opens in US Steel

Customs Office was opened within Smederevo-based ironworks US Steel, said Serbian Finance Ministry in a statement. Serbian Customs Bureau Assistant Director Vesna Jeremic said that opening of this office represents yet another ... More


Alro profits seven times up in Q1

Aluminium producer Alro Slatina announced net profits for the first quarter of RON 95 M, over seven times higher than in the corresponding period of 2005, and a rise in turnover from RON 342.6 M to RON 575.6 M. Deputy Chairman of ... More


Velder BG signs agreement with Greek Sidenor

Bulgarian company Velder BG said it has signed a 4-year co-operation agreement with Greek steel maker Sidenor. Sidenor leases (with a purchase option) the production facilities of Velder Export-Import, based in the Macedonian ... More


Alu Menziken Aerospace To Invest EUR 6 Million In Opening New Plant

Alu Menziken Aerospace plans to invest over EUR 6 million in Romania in a plant for producing aluminum parts. The Swiss company plans to open the unit in Satu Mare. On Thursday, the company representatives are to meet the local ... More


Eur 3 million investments in Coilprofil

Metallic roofing and steel bases for structures producer Coilprofil invested eur 3 million to purchase new equipment and to expand their production unit. The company owns a plant which was opened in 2002 in Ceptura, Prahova. It ... More


Chelopech mine facing possible shutdown

The Chelopech copper and gold mine in western Bulgaria will be idled if the environment ministry delays any further the project for the upgrading of the mining facilities, Chelopech owner Dundee Precious Metals Inc. of Canada ... More


Drakulic confirms plan to bid for RTB Bor’s foundry, Majdanpek copper mine

Zoran Drakulic, owner of Cyprus-based East Point Holdings, plans to take part in a tender for the sale of mining complex Rudarsko Topionicarski Basen (RTB) Bor, specifically its copper mine in Majdanpek and foundry in Bor. ... More


Copper smelter Cumerio Med to triple output

Cumerio Med, the Pirdop-based smelter owned by Belgian copper producer Cumerio, will triple copper cathode output to 180,000 tons over the next 3 years, Cumerio Med executive director Tom Beamish said. The boost will come ... More


Over USD 300 M investments in Mittal Steel Galati technology

Mittal Steel Galati has invested in Galati, in the last four years, USD 323 M in technology, according to the privatisation contract of Sidex, the company engaging to invest USD 175 M by 2011. Last year alone, Mittal invested USD ... More


Mittal Steel Roman buys raw materials worth EUR 7.4 M

Mittal Steel Roman (former Petrotub) closed last February three deals with the affiliate Mittal Steel Hunedoara, worth EUR 7.4 M, to acquire raw materials, according to the company's release to the Rasdaq market. Mittal Steel ... More


Kremikovtzi negotiate a 300 mln euro loan

Sofia-based metallurgical plant Kremikovtzi is in talks with an unnamed Dutch company for a 300 mln euro loan, shows a notice posted on the website of the Bulgarian bourse. Kremikovtzi will guarantee a bond issue of the Dutch ... More


Halt in production causes dissatisfaction of workers

Workers of Blooming Rolling Mill of the Steelworks in Niksic have protested over the halt in production in their plant and requested from the management to present the plans on their future activities. Production in the ... More


Lawsuit against Privatization Council

The Network for Affirmation of Nongovernmental Sector (MANS) has presented to the Administrative Court the second lawsuit against the Privatization Council because it violated the Law on free access to information. According ... More


Alro Slatina To Invest EUR 25 Million In Technology

Aluminum producer Alro Slatina will invest EUR 25 million in technology. The process will focus on replacing certain pieces of equipment which are 30 years old and are less efficient compared to the one the company currently ... More