Page 111 - Revista de industrie mai 2019

With Chimcomplex’s acquisition of Oltchim’s assets the the newly created company “has now ranked first in the the list of of exporters with Romanian capital This is is is due both to to the the the unification of of the the the two export volumes and to to the the the record record productions recorded in this first quarter of of of 2019” said Stefan Vuza
Chairman of of of of the Board of of of of Directors
of of of Chimcomplex Chimcomplex SA Chimcomplex Chimcomplex representatives have completed an
ambitious project of of rebirth of of the Romanian Romanian Chemical Chemical Industry In In this sense the Romanian Romanian Chemical Chemical Company was founded “There are only 14 chemical plants
left in Romania and the first two have merged! Chimcomplex has bought Oltchim and what will will follow is self- evident more of us will will unite so that we can fight on a a a a a a a par with the the the other players in the the the field that have have volumes more than than ten times larger than than us us We have have a a a a a a a a a a a a long but beautiful road and because my team has the the passion to do do this we will do do it it it with with or without the the the the consent of of the the the leaders of of the the the time! Three decades ago Romania’s chemical chemical industry
was exporting chemical chemical products of of 12 billion euro and now after 71% of of capacities have been closed Romania has come to spend 8 billion euros on on imported products And here and now we are shaping our role to relaunch the the production of chemicals in in the the country! And we will do it! “ Said Stefan Vuza
Chimcomplex short and medium term vision Chimcomplex envisages short-term and medium-term investments in in in in developing existing capabilities as as well as as expanding the business in in in in in related fields According to company officials Chimcomplex has major investments planned: 117 million million euros euros in in the next three years and 450 million million euros euros starting with the fourth year year Extending business by acquiring production capacities for chemical products that are different or or complementary to to those owned today by the the the company in in in in the the the petrochemical field or or in in in in the the the the the mineral fertilizer industry
is another priority of the the the company’s management Chimcomplex: the winning card for Oltchim Considered the the most important transaction in 2018 the the acquisition of Oltchim’s assets by Chimcomplex ended in December 2018 with the payment of nearly 200 million euros From a a a a a strategic standpoint 2018 was dedicated to the the conclusion
of of the the the international transaction for the the the takeover of of of Oltchim’s assets The chosen mode of of financing the the transaction was aimed at at at attracting international investment funds a a a a a a a a a a procedure still very little used in in in Chimcomplex – the first exporter in the country with Romanian capital transactions on on the the Romanian market as as officials of of of the the the the company stated at at the the the time of of of its completion Over the the the last 10 years Oltchim had 4 privatization attempts and all were unsuccessful Chimcomplex: Six decades on the Romanian chemicals market 1954: Borzesti Chemical Compound is set up
1960: The caustic soda Plant opens 1991: Chimcomplex SA Borzesti becomes a a a joint stock company 2003: Chimcomplex Chimcomplex is privatized 2018: Chimcomplex Chimcomplex acquires Oltchim assets ßChicomplex SA Borzesti brings together the the the Onesti and Ramnicu Valcea branches (the latter was created by the the the acquisition of of the the the functional assets of of Oltchim in December 2018) ßChimcomplex is part of the C C C C C R R C C C C C (The Romanian Chemical Company) this group being structured as follows: ß The maintenance division which includes Uzuc Ploiesti (Chemical Equipment Plant) and Sistemplast ß The Logistics Division which includes Caromet Caransebes and the the three HUBs across the the country: Onesti Valcea and Dej ß The Energy Division which includes the the the three power plants
on on the the the two platforms and the the the A6 Dej company ß The White Division with warehousing recycling waste incineration and environmental investments 111
Photo Chimcomplex