Solvay Sodi to modernise Deven power station

Solvay Sodi, the Devnya-based soda ash maker, will spend 40 mln levs to outfit the Deven thermal power plant it operates with a new steam boiler, said Frank Schneider, executive director of the company. The new steam boiler, ... More

Continental And Dietrich-Honold Logistik Invest

EUR 5 Million In Distribution Center Five years from the official launch of the most modern tires plant in Europe, in Timisoara, Continental opens a 50,000 sqm distribution center in Scalaz, which will provide for Eastern ... More

Bulgaria detergent sales to slow down

As reported by Euromonitor the growth of Bulgaria's detergent and cleaner market will trend down over the next couple of years due to saturation and maturity, says marketing research company Euromonitor in a market report on 2005 ... More

Tenders announced for privatization of TRAYAL

Tenders have been announced for the privatization of 76.9% of the socially owned capital of Krusevac's Trayal Corporation, PR Manager Lenka Markovic told Tanjug news agency. Markovic said that offers could be made only by ... More

Air Liquide wins 2 contracts in Bulgaria

French company Air Liquide was quoted as saying by news agency Reuters that it has signed a new contract with Cumerio Med JSC to supply oxygen to its copper smelting facility at Pirdop, 80 km east of Sofia, in Bulgaria. Air ... More

Vega Ploiesti Refinery To Invest $7 Million For Bitumen Installation

Vega Ploiesti Refinery invests approximately $7 million to build the first installation of polymer modified road bitumen in Romania. 30 percent of the project has been completed and it is based on a German technology for ... More

Maillis seeks expansion in new SE Europe markets

At a conference call Maillis group CEO underlined that the group’s key business targets include the finalization of restructuring, the continuation of investments on its core business units (strapping, wrapping), and the ... More

Tender announced for sale of 76.9% of assets of "Trayal" corporation

The Privatization Agency of Serbia has announced tender for sale of 76.9% of assets of Kruševac-based "Trayal" corporation. The right to participate in the tender have all companies that dealt with the production or trade ... More

Guzu Chim Becomes Fabryo Corporation

Dyes producer Guzu Chim announced they would become Fabryo Corporation. The company will invest some EUR 4 million this year to complete the construction of a plant, situated on a six hectares plot in Popesti-Leordeni, the ... More

Bulgarian paint maker Orgachim launches unit in Serbia

Orgachim, the Rousse-based paint and varnish maker, said it has established a subsidiary in Belgrade, Serbia, under the name Deko Casa. The wholly-owned subsidiary will distribute Orgachim products. The Bulgarian company has ... More

New production plant of JUB Company opened

Serbian President Boris Tadic opened in Simanovci a new plant of the Slovenian JUB company for the production of chemical products. Having commended the new stressed that its greatest value was the fact it had provided new jobs ... More

Holland To Buy Carbon Dioxide From Romania

Holland is interested in purchasing the equivalent of 10 million tons of carbon dioxide in the 2008-2012 interval, as part of the Kyoto protocol, with a market price ranging between USD 12 and USD 30 per ton. "Part of these funds ... More

Bulgarian paint maker Orgachim launches unit in Ukraine

Orgachim, the Rousse-based paint and varnish maker, said it has established a subsidiary in the Ukraine under the name Orgachim-Policolor. The ownership of the new company, which will engage exclusively in the distribution of ... More

German chemicals group picks Bulgarian distributor

Varna-based Bross Holding has been appointed as the Bulgarian representative of German specialty chemicals group Biesterfeld. The partners have founded a joint venture under the name Biesterfeld Pro with a capital of 200,000 ... More

Bulgaria's Zebra AD co-creates production center for rubber products

Zebra AD, the Bulgarian manufacturer of rubber articles, said it has established a joint venture with the local units of Italian company S.I.S.A.S. Segnaletica and of Germany's Gummiwerk Kraiburg for the production of rubber-made ... More

MJ Maillis Estimates EUR 16.9 Million In Turnover For This Year

MJ Maillis Romania estimates for this year a 21.2 percent increase in turnover compared to last year of up to EUR 16.9 million, and a 17.7 percent increase of the net profit, of up to EUR 975, 576. The 2005 turnover was of EUR 14 ... More

Fertilizer maker Azotara sold for EUR 13.1 million

A consortium of Arvi & Co. from Lithuania, Univerzal Holding from Belgrade, and joint Lithuanian-US Venture Sanitex has signed a contract to buy 100% of Pancevo’s fertilizer plant Azotara for EUR 13.1 million, according to ... More

Henkel Bautechnik Romania Estimates EUR 35 Million In Turnover For 2006

Henkel Bautechnik Romania estimates EUR 35 million in turnover for this year, a 30 percent increase compared to the EUR 27 million reported last year. In 2005, the company's gross profit was of some EUR 7 million. The company ... More

USD 450 Million Investments by Rompetrol

Rompetrol Petrochemicals, member of Rompetrol Group, will invest SUD 400-450 million in the petrochemical sector in the following three years. From this amount, USD 200 million will be assigned to upgrade the existing ... More

Tigar reports CSD 318 million net profit on CSD 11 billion sales in 2005

Pirot-based rubber corporation Tigar’s net profit in 2005, of CSD 318 million, was more than triple the 2004 figure, local media reported. Sales revenue jumped 33% to CSD 11 billion in the same period. The EU accounted for ... More