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Russian "Uralchem" Interested in Himco

Article published from on 2008-09-01 16:08:00
Category: Business in Vratsa

The Russian company for the production of nitrogen fertilizers “Uralchem” has shown interest in the purchase of the fertilizers`s plant “HIMCO” in Vratsa, Bulgaria, informs
At a working meeting last week, representatives of the Russian company have acquainted MPs from the region, the regional governor and the mayor of Vratsa with their investment intentions.

The Russians have announced that till 8 September the first stage of the deal – the purchase of “HIMCO Heating Plant” - should be finalized. There is a procedure going on at the moment on buying and transferring the shares of the current owner “New HIMCO” to the future buyer.

“Ultrahim” has claimed readiness to transfer 80 Russian specialists at the plant in Vratsa which to work in the possible starting operations. The intentions of the Russians are for an initial start of 25% of the “HIMCO” power, which could secure 500 new work places in the region. The aim is in two years the fertilizers` plant to work at full capacity...

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