POLIMERI TO LAUNCH JOINT PRODUCTION WITH KRUPP UDE

Business | July 30, 2001, Monday // 00:00

` Polimeri will launch joint production with Germany`s Krupp Ude and will expand its facilities in a two-year period `, Dimitar Karaivanov, head of the Devnya-based company, announced. An agreement has been reached with the Dortmund-based company on the implementation of projects, financed by AKB Fores Industrial Holding, while the technical solutions will come from Krupp Ude. The German company will also propose options for the technical upgrade of the holding`s Beroe company of Stara Zagora. The joint projects envisage modernization of the installations and introduction of new products. A three-month agreement for ethylene supply to LUKoil Neftochim was signed last week. Every month Polimeri will supply 200 tons to the oil refinery. `This is the minimum quantity to maintain production`, Karaivanov said.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria