The state-owned Oltchim Ramnicu Vilcea complex postponed investments worth over €300 million due to the financial crisis, a plunge in the main export markets, and the decline by 50 percent in the price of products, the company’s General Manager, Constantin Roibu, told Business Standard in an interview yesterday.
“We have foregone a large part of our investment program, due to the fall of the markets. We are now focusing on Oltchim’s basic needs and will reduce capacities even there,” Roibu said.
However, the crisis will not change Oltchim’s immediate priorities, according to the General Manager. The company’s management is in advanced negotiations with major local banks for a loan of some €50 million, to finance the acquisition of Petrochemicals Arges, for sale by Petrom, Romania’s largest company, owned by the Austrian OMV group
Citeste mai mult in Business Standard
“We have foregone a large part of our investment program, due to the fall of the markets. We are now focusing on Oltchim’s basic needs and will reduce capacities even there,” Roibu said.
However, the crisis will not change Oltchim’s immediate priorities, according to the General Manager. The company’s management is in advanced negotiations with major local banks for a loan of some €50 million, to finance the acquisition of Petrochemicals Arges, for sale by Petrom, Romania’s largest company, owned by the Austrian OMV group
Exclusiv - beneficiati acum de Oferta Speciala de mai jos:
Ghid practic Realizarea de sapun natural
Realizarea de sapun natural este cea mai profitabila afacere Obtii venituri de 1 000 de lei pentru doar 2 ore de munca Ce contine Ghidul practic pentru realizarea de sapun natural Cum sa faci sapun 100 natural – nu numai informatiile de baza ci toate sfaturile si trucurile necesare pentru a obtine inca de la prima incercare ...
Oferta Speciala
valabila 48h
valabila 48h
Citeste mai mult in Business Standard
Autor: AgroRomania.ro
Votati articolul
Nota: 5 din 1 voturi
Urmareste-ne pe Google News
RSS Flux RSS 2.0
Sitemap XML
