OLTCHIM

Romanian government's stake sold to Chimcomplex and Dynamic Selling Group / No takers for phthalic acid and Pitesti petrochemical production assets

OLTCHIM

Chimcomplex prepares capital increase on bid / National chemical company to be created

OLTCHIM

Bid by polyols producer PCC Rokita / Privatisation makes strides / Small profit in 2016

HIP PETROHEMIJA

Serbian government planning the sale of its shares in petrochemicals producer

PETROCHEMICAL MARKETS

HDPE: Basell Orlen Polyolefins announces force majeure for HDPE from Plock / Lack of feedstock / Hardly any material on stock

OLTCHIM

Romanian chemical producer to be privatised in nine chunks / A.T. Kearney advising

YEAR IN REVIEW 2014

Part 2 – Plastics Production: Shale gas revolution drives Europe into a corner / Ailing facilities are consolidated / Massive changes in PVC market / Shale oil reserves change the balance once again

OLTCHIM

Secret state funding for ailing Romanian PVC producer? / European Commission calls on Bucharest to clarify its involvement

OLTCHIM

Losses continue to mount / Capacity estimated at below 20% / Reportedly 10 contenders with interest to purchase insolvent company

ROMPETROL

Consolidation of petrochemical activities ready for shareholder approval / Need to improve efficiency

COMMENT

Painful necessities

OLTCHIM

Romanian petrochemical group files for insolvency / Fresh start in the making?

OLTCHIM

PCC minority shareholder increases stake by acquiring Carlson shares

POLYMER PRICES

Polyurethane feedstocks in January 2013: First hike plans successfully parried / MDI and polyols in a weak rollover / TDI firmer / Supply adequate to demand / Q1 price rounds are still open

POLYMER PRICES

Polyurethane feedstocks in December 2012: Weak rollovers dominate the picture / End to building season and automotive slowdown pressure volumes / Firm benzene adds to costs / Hike plans for Q1

OLTCHIM

Several plants resume operations / State sues former CEO Roibu / Gazprom delegation due for talks in Bucharest

POLYMER PRICES

Polyurethane feedstocks in November 2012: Slight uptrend for TDI, rigid polyols / Weak rollover for MDI, flexible polyols / Maintenance helps cushion demand softness / Prices could stay firm into New Year

OLTCHIM

Plants scheduled for commissioning in late October / New attempt at a sale to be launched in spring next year

OLTCHIM

Media mogul Dan Diaconescu hands in highest bid / No agreement on final contract / Government denies any wrongdoing

OLTCHIM

Romanian prime minister Ponta slams all three potential investors / “Difficult situation”

OLTCHIM

CEO Roibu and entire management resigns / Workers launch hunger strike

OLTCHIM

Chlorine electrolysis down / 500 employees are sent home / Shares to be auctioned off in mid-September

OLTCHIM

New state loan? / Romanian petrochemical group under government administration

OLTCHIM

Finances turn deep red in 2012 / Profits halved / New management to take over in June

CORRECTION - OLTCHIM

Four investors ready to bid for ailing Romanian petrochemical group / PCC and Rompetrol shareholders among the interested parties / Offer deadline expires in mid-April