NEOCHIIMIKI signs dealership contract with LUKOIL

Neochimiki L.V.Lavrentiadis ABEE, a leader in the production, trading and distribution of chemical products, with facilities in Greece and abroad, has signed a partnership agreement with Russian oil giant Lukoil. Under the deal, ... More


Kolektor gains control of Postojna-based plastics maker

Kolektor, one of the world's largest makers of commutators, has acquired a majority stake in maker of plastics and mechanised machinery, Liv. The Idrija-based Kolektor acquired 96% of Liv. Kolektor has already announced ... More


Presentation of M.J.Maillis Group at the association of Greek Institutional Investors

Mr. Michael J. Maillis, the Chairman and Managing Director of M.J.MAILLIS Group, Mr John Kourouglos, Group COO and Mr Charalampos Stavrinoudakis, Group CFO, presented at the Association of Greek Institutional Investors the ... More


Consortium wins tender for fertilizer plant Azotara after bidding eur 13.1 million

The commission in charge of selling Pancevo's fertilizer plant HIP Azotara has named a consortium of Belgrade's Univerzal-Holding, Lithuanian UAB Arvi, and Lithuanian-US joint venture Sanitex the best bidder in a tender for 100% ... More


Pirelli&C Real Estate plan to invest in Romania

Pirelli&C Real Estate, the real estate investment division of Italian tyre producer Pirelli, will invest approx. 20 per cent of its portfolio outside Italy, one of the destinations being Romania, according to company chairman ... More


Chemical Group Helios Acquires Russian Company

Slovenian chemical group Helios has acquired an 82% stake in Russian decorative finishes producer Odilak for an unspecified sum, Helios said in a press release. Helios said the purchase was aimed at strengthening its market ... More


EngView Systems opens office in Brazil

As reported by Dnevnik EngView Systems, a Sirma Group company, has announced the acquisition of part of the operations of its Brazilian distributor Coala Comercio Vendas e Servicos as part of a wider push on the Latin American ... More


More Than EUR 2 Million Gross Profit For Amonil In 2005

Artifical fertilizers producer Amonil Slobozia reported a gross profit of more than EUR 2 million last year, seven times larger than the profit for 2004, which was of EUR 274,000. The company saw 21 percent increase in turnover, ... More


"Tiger" corporation, has given a presentation, during the International Brand Fair, of its reconstructed and redesigned web site, asigned for share holders, investors, business partners, consumers, emploees and ... More


Hirsch Servo Has EUR 3 Million Worth Projects For Romania

Austrian company Hirsch Servo will invest more than EUR 3 million in Romania in the following three years in various projects, including a polystyrene plant in Cluj-Napoca. The investments are part of an ample investment program ... More


New factory of Pirelli in Slatina

Following that in 2004 Romania started investments worth EUR 40 M in a factory producing metal inner fibre, the Italian group Pirelli will inaugurate, in Slatina, end of this year, the largest tyre production capacity in Eastern ... More


Petrohemija reports EUR 163.3 million exports in 2005

Pancevo-based petrochemical plant Petrohemija reported total sales of 390,000 tons last year, Politika reported yesterday. Exports accounted for 60% of last year’s sales and brought revenues of EUR 163.3 million. ... More


EUR 80 Million Turnover For Henkel Romania In 2005

In 2005, Henkel Romania saw EUR 80.7 million in turnover in 2005, a 20 percent increase compared to the previous year. The company was founded in 1994, as a branch of Henkel Austria (which became, starting 1998, Henkel Central ... More


EUR 3 Million Investments For MJ Mailis Romania

At the end of the year, MJ Mailis Romania will complete a EUR 3 million investment program, started in December last year. The amounts will be assigned to build a new production unit, to purchase equipment and to transfer the ... More


Prodplast Bucharest To Invest EUR 15 Million

Prodplast Bucharest will invest EUR 15 million in equipment to process plastic material. The company also plans to increase their share capital by cash participation, but first they have to check with the authorized institution ... More


Polish Organic Trade to take control of Bosnia's POLIHEM

After a year of negotiations, Polish Organic Trade has finally taken control of the polyurethane and polyol foam production units of Bosnia’s bankrupt chemical factory Polihem, based in Tuzla. The buyer has pledged to pay ... More


Maillis Romania Sales Up by 8%

Maillis Romania announced FY:05 results, according to which sales increased by 8% to €13.52m, while net earnings decreased by 12.7% to €0.83m. Note that the contribution on the group results is minimal. The ... More


Bulgarian company Chimimport to IPO 10 mln shares

As reported Dnevnik local foreign trade company Chimimport is preparing to IPO 10 mln shares, member of the company's managing board Alexander Kerezov. A decision to this end was taken at an extraordinary general meeting on ... More


Four offers for HIP Azotara from Pančevo

The Privatization Agency announced yesterday that four offers had arrived for procurement of company HIP-Azotara (Fertilizer factory) from Pančevo. The offers for procurement of 100% of assets of Pančevo-based Azotara ... More


Maillis Net Earnings 2005 Estimated at €17.2mn

Maillis net earnings are estimated at €16.5m-17m (-17%) in FY05, on sales growth of 6%-7%, according to Marfin analysts's forecasts. Marfin sees improved FY06 profitability growth and margins due to the increase in ... More