Oltchim S.A.
| Company type | Public company (BVB: [1]) |
|---|---|
| Industry | Chemical products |
| Founded | 1966 |
| Headquarters | Râmnicu Vâlcea, Romania |
Key people | Constantin Roibu, CEO |
| Products | Inorganic products, Macromolecular products, Synthesys organic products |
| Revenue | US$ 786 million (2007) |
Number of employees | 5,500 (2007) |
| Parent | state owned |
| Website | http://www.oltchim.ro |
Oltchim S.A. (BVB: OLT), is one of the largest chemical companies in Romania and in Southeastern Europe, with a total of 3538 employees in 2009. It was established in 1966 with the name of Râmnicu Vâlcea Chemical Works. It began to be built in July 1966. The first plant, Mercury Cells Electrolysis, was commissioned on 28 July 1968. In 1990, a government decision, turned the Râmnicu Vâlcea Chemical Works into a joint-stock company, called Oltchim S.A.
Oltchim is a leader in chlorosodics, polyether polyols and propylene oxide in Central and Eastern Europe, and the third major PVC producer as well. The company undergoes privatizations process; Romanian Ministry of Economy is to sell its 54.8% stake in a two-stage process. Huge financial debt for unpaid loans dragged Oltchim to negative results and forced its complete privatization. [1]
References
- ^ "Oltchim S.A. To Hold The XXXII Romanian Chemistry Conference According to BAC Report" (Press release). Market Publishers. 20 April 2012.