Sat, Nov 21 2009

Company Briefs

Mon, Jul 11 2005 02:00 CET 248 Views

Natural material plant

· SWEDISH businessman Jan Lindeberg, who owns an international chain of enterprises for natural building materials, on June 30 said that he would invest 30 million euro in the construction of a plant in Pleven's Gulyantsi municipality. The plant, which is expected to be commissioned in a year and to create 250 jobs, will cover an area of 4.5 hectares and will be located near Port Somovit on the Danube. Its goods will mostly be geared toward the European market. Production technology would be modern and devised and patented by Sweden's NPS, which is owned by Lindeberg.

 

Metal plant cuts production

· KREMIKOVTSKI metallurgical plant said it cut its output of finished steel products by 20 per cent as of July 1 due to the decreasing demand in the global market. Kremikovtsi, which is located on the outskirts of Sofia, said in a statement it would cut the monthly output of finished steel products from 100 000 to 80 000 tons. Kremikovtsi exports most of its output to the European Union, Turkey, countries of former Yugoslavia, as well as the United States and China.

 

DIY comes to Blagoevgrad

· DOVERIE Brico, Bulgaria's do-it-yourself retailer, on July 1 launched the construction of an eight-million-leva Mr. Bricolage store, the company's fifth in the country. The new store, located in Blagoevgrad, will span 6500 sq m and is expected to be opened in December. The store will create about 80 jobs. Doverie Brico plans to open another five stores in Bulgaria's largest cities by the end of 2007. It is also looking to build stores in Macedonia and Serbia. 

 

Wine maker looks to Germany

· BULGARIAN wine maker Domaine Boyar has joined with German wine and spirits company Eckes Spirituosen&Wein to launch two of its brands on the German market. Domaine Boyar hopes to market three varieties of its Domaine Boyar Private brand and two varieties of its BlueRidge brand in a three-four euro price segment. Bulgarian wines in Germany tend to occupy the 1.99-2.99 euro niche. In Poland, Domaine Boyar has teamed up with the local subsidiary of Germany's Racke.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgarian MPs resurrect proposal to raise spirits excise

Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.

Back to the future

Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector

At a crossroads, again

Kremikovtzi’s prospects for a recovery plan appear increasingly distant

Cash or card?

Bulgarians are getting the hang of debit and credit cards, MasterCard says

Bulgarian telecom Spectrum Net acquires local peer Orbitel

The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.