KREMICOVTZI TO BUILD DISTRIBUTION NETWORK

Business | August 9, 2001, Thursday // 00:00

In the next 5 years Kremicovtzi Plc. steelworks will open 8 trade outlets around the country, worth a total of BGN 25 M, as part of its domestic distribution network, the board of directors decided. The outlets are to be built in compliance with all international standards regarding metal trade. The first outlet will be built in Plovdiv. Under the draft schedule it should be opened in mid-2002. The investments comply with the agreements reached with EUROFER at the latest session of the confederation of European Steel Manufacturers. The distribution network is expected to boost Kremicovtzi`s market share up to 80% from the current 60%.

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