Zupa establish cooperation with BASF

Consolidation is underway at Krusevac-based chemicals producer Zupa, whose 2004 sale to Belgrade-based Vektra M was annulled last month, Tanjug reported. Zupa is supposed to resume production in January, representative Miroljub ... More


Packaging made in HINS travels to Britain, arrangement worth €1.6m

Novi Sad-based chemical industry HINS has signed export arrangement worth €1.6m with corporation “Limpak” in Great Britain. The realization of this arrangement will start after New Year’s holidays. The ... More


Successful refinancing through a US private placement

M.J. MAILLIS S.A. has successfully raised US$130 million (euro 112 million) through a US Private Placement bond issue and refinanced existing long-term bank debt. The bonds were placed with some of the largest institutional ... More


Devnya Plast launches new production line

Devnya Plast, the PVC pipes maker based in the Varna area, has unveiled a new production line licensed by Dutch company Wavin. The new facility, which operates waste-free, will increase the company's annual output to 1,500 tons. ... More


POLIMERI & ORKA bid dor HIPOL

Serbian Privatization Agency (PA) said that two foreign companies offered bids for chemical industry Hipol from Odzaci, which is undergoing a restructuring process. Italian R. Polimeri and Slovenian Orka submitted the offers for ... More


TIGAR to focus on earnings rather than market share

Pirot-based tire maker Tigar does not intend to increase its market share that currently ranges from 30% to 50% depending on product type, as that would give it a monopolistic position, director Dragan Nikolic has said, RTS ... More


M. J. MAILLIS S.A.: Acquisition of the 55% of MSN

J. MAILLIS S.A. announces the completion of the acquisition of 55% of MSN, a company registered in Georgia and engaged in the distribution of packaging materials and machines. The acquisition of the 55% was made through the ... More


At least nine potential bidders for Pancevo fertilizer plant

At least nine local and foreign companies have purchased tender documentation for Pancevo’s fertilizer plant HIP Azotara, general director Djura Pavlovic said. Potential suitors for 100% of Azotara include ... More


Presentation of Neochimiki to the Association of Greek Institutional Investors

NEOCHIMIKI L.V. LAVRENTIADIS made a company presentation to the Association of Greek Institutional Investors. Presenters were Mr. Lavrentis Lavrentiadis, Managing Director and Mr. John Papavassiliou, CFO. The presentation ... More


Helios profit hurt by oil prices

Chemical group Helios generated a net profit of SIT 1.97bn (EUR 8.22m) in the first half of the year, down 10% year-on-year, on sales which were up 45% in the same period to SIT 27.32bn (EUR 114.03m). Helios said that the ... More


Tigar’s road paint gets German BAST certificate

Tigar Hemijski Proizvodi, the chemical products unit of Pirot-based rubber company Tigar, has received a certificate from Germany road materials institute (BAST) for road paint after two months of tests at BAST’s ... More


Maillis plans expansion to the turkish market

Maillis group considers expansion to the Turkish market through a joint venture with a local company. Turkey is a market expected to grow at high rates driven by the EU accession path. Note also that the US market operates ... More


Paint maker Zvezda Helios posts exports of EUR 2 million so far

Gornji Milanovac-based Zvezda Helios, which manufactures paints and varnishes, has achieved export revenues of EUR 2 million through the first three quarters of 2005, Politika said. Exports targeted Belarus, Slovenia, ... More


Bulgarian Svilosa plans to restructure debt

Bulgarian cellulose and synthetic fibre maker Svilosa, based in the northern town of Svishtov, intends to restructure part of its debt, the company's invitation for a shareholders' meeting shows. On April 2, the company will ... More