3 Companies Vie to Build New Zinc Plant in Bulgaria's Kardzhali

Business | April 11, 2013, Thursday // 16:19
Bulgaria: 3 Companies Vie to Build New Zinc Plant in Bulgaria's Kardzhali The premises of the Kardzhali-based Lead and Zinc Complex (LZC, OTZK), photo by BGNES

Three companies will compete in the final stage of the tender for selecting a main contractor for the construction of a new zinc plant in Bulgaria's southern city of Kardzhali.

French Onet, Canadian SNC Lavalin, and Australian Ausenco filed bids within the deadline after conducting preliminary inspections of the site.

The bids for the construction of a new zinc plant are yet to be reviewed and discussed with the investor, Sofia-based company Harmony 2012 Ltd.

In September 2012, Harmony 2012 bought a part of the assets of Bulgaria's largest bankrupt non-ferrous metal producer, the Kardzhali-based Lead and Zinc Complex (LZC, OTZK), for BGN 8.6 M.

The previous owner of OTZK, Valentin Zahariev, had failed to cover loan installments and pay workers' salaries.

Ivan Elkin, manager of Harmony 2012, voiced plans to build a new zinc plant.

He made clear Thursday that the main contractor tasked with building the new factory in Kardzhali would be selected on the basis of three key criteria – technology, price and completion term.

All three bidders are leaders in the sector.

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Tags: OTZK, Kardzhali, Lead and Zinc Complex, investor, Harmony 2012 Ltd., Valentin Zahariev
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