The platform will be shut down for a 14-day period, starting August 18, 2022 “considering the rising electricity and natural gas prices”, the report reads.
The individual labor contracts of the employees affected by the temporary cessation of activity are suspended during this period and the employees will receive 75% of the base salary, in accordance with the legal provisions also applicable to the collective labor contract.
In early August 2022, Chimcomplex temporarily halted the production activity at the in Ramnicu Valcea industrial platform, until the “remediation of technical problems at CET Govora and the restart of the power and steam supply”. The platform was shut down for a 14-day period, starting August 4, 2022.
CRC shares have lost 21% since the beginning of 2022, but gained 110% over the last 12 months, amid deals worth RON66.3 million, as per stock market data. The company has a market value of RON6 billion.
The company’s shareholders include CRC Alchemy Holding (with an 85.2% stake) and the Romanian State with 8.9%.