Neochimiki acquires 40% of Astron chemicals

Greek chemical company Neochimiki said that it has acquired 40% of Astron Chemicals for 3 mln eur. Astron is specialized in chemical products for use the food, beverage, pharmaceutical, cosmetics, animal feed, paints and ... More


Marfin recommends Buy for Neochimiki

Neochimiki announced the absorption of subsidiaries. Specifically, Neochimiki announced that it will absorb 4 subsidiaries (100% subsidiaries) in order to streamline operations and take the benefit of economies of scale through ... More


Bulgarian holding co Eurohold buys plastics manufacturer

Local holding company Eurohold Bulgaria said it has acquired a 49.82% stake in Plastchim-T, a producer of polypropylene bags and BOPP film. The rest of the company equity is controlled by employees and managers. Eurohold ... More


Oltchim to be privatized in 2008

Oltchim Ramnicu-Valcea chemical plant, one of the largest state-owned companies will be offered for privatisation in 2008, after acquiring some of the assets of the Salrom national Salt Company and the neurochemistry division of ... More


Chimimport to build track and field sports complex in Varna

Chimimport, Bulgaria's biggest holding company, has announced plans for the construction of an IAAF-level track and field complex in Varna, on the Black Sea. Chimimport recently placed the winning 26.3 mln lev bid in a ... More


Greeks first-ranked for "Industry of Chemical Products Prahovo"

Greek "Neochimiki L.V. Lavrentiadis" was declared by a tender commission yesterday the first-ranked bidder on the tendeer for holding "Industry of Chemical Products Prahovo" - Privatization Agency announced. Greeks offered ... More


Saint Gobain plans further openings this year

The Saint-Gobain Glass Romania factory in Calarasi is one of the most important greenfield investments the company has made in Romania, worth some EUR 100 million. Half of its production is exported, while the rest covers the ... More


Pregis purchases Petroflax for $12 million

American packaging company Pregis Corporation purchased the Romanian producer of polyethylene items Petroflax based in Piatra Neamt for $12 million. According to the company, almost 60 percent of the production is exported to ... More


Polish fertiliser maker eyes Bulgarian assets

Polish fertiliser maker Pulawy is planning to buy about a dozen petrochemical companies abroad, including a couple of unnamed acquisition targets in Bulgaria, managing board chairman Krzysztof Lewicki tells Polish publication ... More


Unilever's Romanian business constantly growing in last five years

Unilever's business in Romania has been growing constantly in the last five years. Unilever is present on the Romanian market with a large portfolio of strong brands, which includes detergent Dero, personal care products ... More


Procter&Gamble establishes part of its acquisition division in Bucharest

The largest U.S. consumer goods producer Procter&Gamble will transfer a significant part of its acquisition division to Romania.More precisely, the company will conduct, from a Bucharest-based office, the required acquisitions ... More


Sava Looking to Orchestrate Merger of Abanka and Gorenjska Banka

Sava, the Kranj-based chemical and tourism conglomerate, on Thursday confirmed long-running rumours that it had bought nearly a quarter of Abanka Vipa, Slovenia's third-largest bank by assets, setting the stage for a merger with ... More


Local govt invited to join Pazardjik industrial zone project

Novalis, a local producer of PVC joinery, has invited the Pazardjik municipality to join the project for the construction of a new industrial zone in the city. The involvement of the municipality world transform the project ... More


AVAS sells assets of four Nitramonia companies, privatises Nitroexplosives

The privatisation announcement for Nitroexplosives will be published in March, but only after the sale of assets belonging to the other four companies on the Nitramonia platform, in order to keep production operations in place, ... More


Tenaris invests $4 million in airbags production in Zalau

Tenaris Silcotub will start in March the airbags production in Zalau, following a total investment of $4 million, said the company’s executive president Paolo Bassetti. In the first stage the airbags produced in Zalau will ... More


Company "Henkel Jugoslavija" received 150,000 EUR worth of aid for its new factory in Inđija

Company "Henkel Jugoslavija" and Investment and Export Promotion Agency – SIEPA signed the contract today (January 16, 2007) on allotment of non-refundable financial aid in amount of 150,000 EUR to that company. The money ... More


Henkel builds plant in Inđija

Henkel will invest 5.2 million euros in a new plant in Inđija, creating 60 new jobs. 50 percent of the plant’s production of adhesives is slated to be exported to the region. Serbian Investment and Export ... More


Holding co Chimimport cashes CCBank stake for 41 mln levs

Chimimport, Bulgaria's biggest holding company, pocketed 41.13 mln levs from last week's disposal of 8.08% stake in Central Co-operative Bank (CCBank), said the Bulgarian stock exchange. The holding company sold to Austria's ... More


Sava Presents Ambitious Five-Year Strategy

Chemical and tourism conglomerate Sava is planning sales to the tune of EUR 257.5m in 2011, up 56% over 2006, and profits increasing by 30% in the period to EUR 44.2m, the company's chairman Janez Bohoric said on Monday, 18 ... More


Rami Dacia privatisation finalised this week

President Teodor Atanasiu also said yesterday that AVAS would sign with the association of Rami Dacia employees, this week, the privatisation contract of the synthetic diamonds producer. “The contract for Rami Dacia ... More