Alcomet losses for '05

Shumen-based aluminium producer Alcomet slumped to a net loss of 5.3 mln levs in '05 after recording a net profit of 2.5 mln levs a year ago. Operating costs rose by 21 mln levs while income was up only 17 mln levs. Liabilities ... More

Negotiations for the Aluminium Complex in Podgorica in March

Negotiations on the Draft collective agreement for employees in (KAP) shall start in the second half of March, the trade union of the company stated. Last week, the trade union presented the Draft collective agreement to the ... More

EUR 8 Million Net Profit For Mittal Steel Roman In 2005

Mittal Steel Roman estimates a net profit of EUR 8 million in 2005, compared to the EUR 1.2 million in 2004. Last year, the company's turnover increased by more than 30 percent, to EUR 221 million, from EUR 146 million in 2004. ... More

Laminorul company, on the way of privatisation

According to a press release issued by AVAS, none of the investors having shown up for the deal has met the prerequisites for negotiations.Laminorul has a share capital of 29,397,226.56 RON (1 euro=app. 3.6 RON) and it is a sole ... More

Kobe Group bids to take over 40.86% of FMP’s voting shares

Belgrade-based Kobe Group has placed a bid to take over at least 40.93% of 183,724 shares offered by Belgrade’s steel drum manufacturer Fabrika Metalnih Proizvoda (FMP), or 40.86% of the company’s voting shares, at ... More

CORINTH PIPEWORKS, ENAGAS SA seal 61 mln euro deal

Greek Corinth Pipeworks today announced the signing of a 61 million euro contract with Spain's largest natural gas firm, Enagas SA. The contract is for the supply of steel ... More

Tubinox has been taken over by an Indian company

India based Viraj Alloys company has bought from Silcotub Zalau the major participation in Tubinox Bucuresti, the take-over operation of the pipe producer being approved by the Authority responsible for State Assets Resolution ... More

Romstal Estimates A Turnover 20 Percent Bigger Than Last Year

For 2006, Romstal estimates a 20 percent increase in turnover, compared to the EUR 100 millions last year. The sales are also estimated to some EUR 120 million. According to the company, the turnover increase is due to expanding ... More

Mittal Steel Zenica plans to nearly double output to 630.000 tons

Bosnia's largest steel maker, Mittal Steel Zenica, aims to nearly double output this year to 630,000 tons from 340,000 in 2005, an official said. In 2004 output by the unit of Mittal Steel, the world's biggest steel maker, owned ... More

TALUM to Phase out Outdated Electrolysis Technology

The manager of Slovenia's leading aluminium producer Talum, Danilo Toplek, has told Delo that the company would have to close down the outdated electrolysis B-based technology in line with the EU directive on ecological ... More

British steel trader eyes state-owned interest in Kremikovtzi

British steel trading company Stemcor wants to buy the 25.29% stake in Sofia-based metallurgical plant Kremikovtzi held by the Bulgaria state, the economy ministry said on Monday, February 13. Stemcor is willing to assume $71 ... More

Charges filed against US STEEL for ecological damage

Charges have been filed against the US Steel Serbia Company over non-compliance with environmental protection inspections. Serbian Minister of Science and Environmental Protection Aleksandar Popovic confirmed the move during a ... More

High electricity price jeopardizes ALUMINIJ

The continuation of the production in the Aluminij d.d. Company Mostar is questionable with such a high electricity price. This was stated by the general manager of the Aluminij, Mijo Brajković, at a meeting with the ... More

Metecno to build panel factory in Pleven

Italian construction materials company Metecno will build a factory for industrial panels in Pleven, Northern Bulgaria, said Pepa Vasileva, the PRO of the Pleven municipality. The initial investment is estimated at 8-9 mln ... More

Turkish Steel company Halts Operations at Albania

A Turkish-owned steel plant in Albania halted operations Wednesday, blaming the move on higher electricity costs and transport charges, and lower import tariffs. Kurum Steel Co. said it would not reopen unless custom tariffs ... More

New managements in processing plants of KAP

Today, at shareholders' assemblies, new members of the Boards of Directors pf the plant for production of aluminium ropes (FAK), Processing Plant and Smithy of the Aluminium Complex in Podgorica (KAP) have been ... More

New Aluminium Factory in Mostar

The construction of a factory for aluminium profiles and castings began last week close to Alluminij, another aluminimu producer, in Mostar. Aluminium tops the list of Bosnia's exports. The new factory, 10% owned by Aluminij and ... More

Steel maker awarded quality certificate

Local steel plant Promet Steel AD, part of the international Steel Neva Consortium, said it has been certified by SGS Bulgaria as complying with the ISO 9001:2000 quality management standard. The company intends to align its ... More

Lawrence Edward Butler visits “ALUMINIJ” D. D. MOSTAR

Principal Deputy High Representative in BiH, Lawrence Edward Butler, visited today “Aluminij” d. d. Mostar where general manager of the company, Mijo Brajković, briefed him on the record production in ... More

Metalec and Mitsubishi together in the world markets

Metalec, a company from Prilep, is negotiating with Japanese Mitsubishi over a mutual appearance on the world market with steel pillars and aggregates for windmills. Jurir Shinichiro, the representative of Mitsubishi for ... More