KEYWORDS TODAY:   KTBSEMKO SEMKOVIRAQUKRAINE

Bulgaria Lead and Zinc Complex Jsc Gets Permit for New Plant

Business » INDUSTRY | October 6, 2009, Tuesday // 19:29| Views: 2212 | Comments: 0
  • Send to Kindle
Bulgaria: Bulgaria Lead and Zinc Complex Jsc Gets Permit for New Plant The Lead and Zinc Complex in Kardzhali is going to expand after getting a permit. Pictured here: workers of the factory protesting over delayed salaries in July 2009. Photo by BGNES

The leading Bulgarian non-ferrous metals producers, Lead and Zinc Complex Jsc (LZC), has received permission for modernization and expansion of its facilities.

LZC has been granted a permit for building a new plant in the southern city of Kardzhali where its manufacturing operations are based.

The execution of the projects provides for increasing the zinc production capacity by 40%, and reaching the highest zinc mark of 99,995. The new plant is expected to be constructed by the end of 2011.

The project also involves modernization of the production with new environment-friendly technology which has already been purchased, and is worth EUR 40 M.

Bulgaria’s former Environment Minister, Dzhevdet Chakurov, from the DPS (Movement for Rights and Freedoms) party refused to grant a permit for LZC’s expansion for three years.

The majority owner of the LZC Jsc is Intertrust Holding, which is owned by the Bulgarian millionaire, Valentin Zahariev.

In January 2009, Zahariev said his company would file a suit against the government over the blockage of the LZC investment. He has been quoted by the Dnevnik Daily as saying the reasons for the delay were probably political.

Industry » Be a reporter: Write and send your article
Tags: Lead and Zinc Factory, Lead and Zinc Complex, Kardzhali, Intertrust Holding, Valentin Zahariev, permit, expansion
Expats.bg All Are Welcome! Join Now!

Leave a comment


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