Unilever-Turkey Scores $1Billion Turnover

Unilever-Turkey, one of the leading consumer goods group, has reported its total turnover in 2005 as $39.6 billion and profit as $5.3 billion. The Unilever group reported Friday the last quarter of 2005 was better and more ... More

M.J. MAILLIS GROUP sets up a subsidiary in Switzerland

In line with its strategy for geographical expansion and penetration of new markets, M.J. MAILLIS Group announces the set up of a subsidiary in Zurich Switzerland under the name Ì.J.Maillis Schweitz Gmbh. The purpose of the ... More

Tire maker Trayal faces receivership over 15-year old debts to Komercijalna Banka

Tire manufacturer Trayal from Krusevac will end up in receivership unless it repays four 15-year old debts to Belgrade-based Komercijalna Banka, according to Trayal General Manager Milos Nenezic. He would not specify, however, ... More

Romanians build industrial unit in Zrenjanin

The contract on construction of industrial unit in the Zrenjanin Free Zone, i.e. subzone "Bagljaš-aerodrom", was signed in Zrenjanin by Municipality of Zrenjanin and Romanian corporation "CRS Hemija" from Bucharest. It ... More

Austria's Senoplast targeting Bulgarian market

Senoplast, the Austrian manufacturer of semi-finished plastic products, is contemplating an expansion into Eastern Europe and Bulgaria in particular, reports news site orf.at. The company is currently assessing the potential of ... More

TRAYAL exports strong, takes new client in DAEWOO

The Krusevac tyre factory Trayal exported merchandise worth 28 million last year, with 70% of its exports infiltrating the EU market. In the local market, the firm has realised sales of 21 million euro, with motoring giant Daewoo ... More

Bulgarian fertiliser plant Agropolychim to expand

Bulgarian fertiliser plant Agropolychim to expand product line in '06 Agropolychim, Bulgaria's biggest fertiliser maker, will debut new types of fertilisers in 2006, Dnevnik learned from executive director Hristo Petrov. ... More

Germany's Rehau to build warehouse in Sofia.

The Bulgarian unit of German polymer products manufacturer Rehau was quoted by news agency SeeNews as saying on Friday it will invest 3 mln euro to complete the new office building and warehouse in Sofia in 2006, spanning 18,000 ... More

Britain's Thermopol Increases Businesses in Arad

Thermopol company, one of the top manufacturers of silicone hoses for the automotive industry will begin production in late March at its unit from Nadab locality in Arad county. According to the mayor from Chisineu-Cris locality, ... More

Nordmann Rassmann opens Bulgarian office.

Nordmann Rassmann, the German distributor of chemical products, has opened a representative office in Bulgaria, reports chemical industry web portal kunstoffweb.de. According to the site, the Bulgarian office of the company ... More

Trayal 2005 exports to EU, US worth EUR 50 mln

Krusevac-based tire manufacturer Trayal has produced goods worth around EUR 50 million in 2005, while exporting wares worth EUR 28 million to the markets in the EU and the US, Tanjug reported. The Privatization Agency invited ... More

Trayal starts delivering tires to Daewoo’s Polish subsidiary

Krusevac-based tire manufacturer Trayal said yesterday it has delivered the first batch of 2,000 tires for Daewoo Lanos models to the South Korean car maker’s FSO plant in Poland, Beta reported. A homologation certificate ... More

Oltchim Co. shareholders strive for twice higher profit in 2006

Oltchim shareholders want to double their profit in 2006, to 43,500 lei. During a meeting they analyzed the main indices expected in the revenues and costs budget in the coming year. Thus, the total costs are expected to amount ... More

Bulgarian paints maker Orgachim opens office in Turin

Orgachim, the Rousse-based paints and varnish maker, has opened a trade office in Italian city Turin. The office, Orgachim's first outpost abroad, is part of the company's strategy to gain a foothold on the European markets, ... More

Orgachim, Policolor agreement to be extended

Romanian coatings maker Policolor and Bulgaria's Orgachim, both majority-owned by Malta-registered Whitebeam Holding, will likely extend their existing framework agreement by one year, shows the agenda for the Feb 9 shareholders ... More

Solvay's Bulgarian arm to invest 21 mln euro in eco projects by '09

Bulgarian soda ash producer Solvay Sodi, part of the Belgian chemicals and drug group Solvay, was quoted as saying on December 29 it would invest 21.1 mln euro in environment protection projects by 2009 to further align its ... More

JDC Austria loses Azotara Pančevo

Bankruptcy council of Trade court in Subotica has refused to write off debt of €4m, which is the amount the company JDC from Austria should pay for procurement of Azotara (Fertilizer Factory) Subotica. The buyer was offered ... More

Commencement of production of powdered lacquer in Gornji Milanovac-based company Zvezda Helios

Gornji Milanovac-based company "Zvezda Helios", which deals with production of paints and lacquers, opened the new unit for production of powdered lacquers. The investment was worth €300,000. The unit will be producing ... More

Koeber lacquer maker expects to post 33 million euros in turnover in 2005

One of the biggest lacquer and paint makers, Koeber Romania Co., estimates it will end 2005 with a turnover of some 33 million euros, roughly equal with that of last year, but with a higher profitability rate. Some 85 percent of ... More

Incorporation and establishment of two new subsidiary companies

The company "NEOCHIMIKI L.V. LAVRENTIADIS S.A." announces the incorporation and establishment of two new subsidiary companies: 1. The company with the distinctive title "LAMDA COSMETICS LIMITED" and object the production and ... More