Petrochemicals to boost Oltchim business to 460 million euros in 2009

State-owned Oltchim chemical fertilizer producer could reach 460 million euros worth of business by this year-end, after integrating Petrochemicals Arges company, starting mid-September, General Manager Constantin Roibu is quoted as saying by Business Standard. Prime Minister Emil Boc gave the green light to the final formalities for the petrochemical division take over, announcing that the Government will guarantee 50 million euros of the 62 million euros loan that Oltchim is to ...

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