OLTCHIM
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Oltchim Returns to Pre-crisis Turnover
Chemical plant Oltchim Ramnicu-Valcea (OLT.RO), run for over 20 years by Constantin Roibu, has in the first quarter of this year reached turnover of 464.7 million lei (EUR110 million), 93% m...
End-Court Rejects PCC Challenge Against EUR100M Loan At Oltchim
A southern Romanian court of appeals irrevocably rejected on May 4 a lawsuit by German PCC SE fighting the decision of Romanian state-owned chemical company Oltchim (OLT.RO) to take out a EU...
Oltchim's Net Loss Narrows To RON2.64M In First Quarter
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Thursday said its loss narrowed substantially in the first quarter, as sales more than tripled on the year.
Oltchim Board Member Resigns After SIF Oltenia Walkout
One managing board member at Romanian chemical company Oltchim (OLT.RO) resigned Thursday, since regional investment fund SIF Oltenia (SIF5.RO) left the company’s shareholding structure.
Oltchim Expects Swing To RON2.1M Profit In ‘11
Romanian state-owned chemical company Oltchim Ramnicu-Valcea (OLT.RO) on Friday said it expects a switch to a profit of 2.1 million lei (EUR1=RON4.0966) this year, after four years of loss,...
Oltchim Plans New Restructuring Scheme
Romanian state-owned chemical company Oltchim Ramnicu-Valcea (OLT.RO) plans a new restructuring scheme, since the current one is deemed too slow and ineffective, according to the agenda for...
Romania Economy Ministry: Not A Good Time To Sell Oltchim
Romania will wait for the European Commission’s ruling on a debt conversion at chemical plant Oltchim (OLT.RO) before attempting to privatize the plant, the head of Economy Ministry’s privat...
Oltchim Could Take Over Remaining Activities At Arpechim
Romania’s Economy Ministry Tuesday said chemical plant Oltchim (OLT.RO) might take over the entire activity at troubled supplier Arpechim, after the refinery was shut down because of lack of...