Oltchim S.A. To Hold The XXXII Romanian Chemistry Conference According to BAC Report
20 Apr 2012 • by Natalie Aster
LONDON - Middle of March Oltchim S.A. announced dates for The XXXII Romanian Chemistry Conference that will be held by Research Center Oltchim. It is October 03, 2012 (Wednesday) to October 05, 2012 (Friday). The Conference will occupy Cozia Hotel in Caciulata, Valcea County, Romania. All chemical researchers are invited to join the discussion of their interaction in basic and applied chemicals development.
Financially the company has not been successful in the last years, though was able to close 2010 with profit: revenue amounted to RON 1.3 B, gross profit equaled RON 235.2 M, operating income was RON (128.6) M, and net income reached RON 146.5 M. The estimations for 2011, however, are negative: revenue of RON 1.6 B and net income of RON (270) M. It reflects poor results of last quarters, like September 2011 when revenue dropped to RON 342 M, operating income equaled RON (62) M, and net income stopped at RON (109.4) M. Huge financial debt for unpaid loans dragged Oltchim to negative results and forced its complete privatization.
Founded in 1966 and headquartered in Valcea (Romania), Oltchim S.A. is a large chemical manufacturer, having such products as Caustic Soda, PVC (Polyvinyl Chloride), Propylene Glycol, Propylene Oxide, Polyether Polyols, and more in its product portfolio. Being first in Central and Eastern Europe on Chlorosodics, Polyether Polyols and Propylene Oxide, Oltchim is also the third major PVC producer. The company undergoes privatizations process at the moment: Romanian Ministry of Economy is to sell its 54.8% stake in a two-stage process.
All the information on the company and its business, current state and possibilities, experts’ forecasts can be found in the report "Oltchim S.A. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Oltchim S.A. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Mar, 2012
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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