01.19.2012

Romanian chemical company Oltchim (OLT.RO) Thursday said it will establish a payment schedule for its debt to energy supplier Electrica, a day after the latter has terminated an agreement signed in more

01.18.2012

Romanian electricity supplier Electrica on Tuesday terminated its electricity supply contract with chemical company Oltchim (OLT.RO), and deliveries to the plant were taken over by Electrica more

01.16.2012

Romanian state-owned electricity supplier Electrica reduced volumes delivered to chemical company Oltchim (OLT.RO), because of a debt worth more than EUR100 million, and it is summoning the company to more

12.20.2011

Romanian chemical company Oltchim (OLT.RO) will maintain 993 employees on furlough in January 2012, continuing a measure taken over the past five months for lack of raw materials and working capital. more

12.12.2011

The Economy Ministry on Monday announced that it has selected PricewaterhouseCoopers as advisers for the preparation and unfolding of privation at chemical plant Oltchim (OLT.RO). more

12.08.2011

The International Monetary Fund has agreed to a four-month extension until April 2012 of the privatization deadline of Romanian state-run chemical plant Oltchim (OLT.RO), the government said in its more

12.08.2011

The management of Romanian refinery Oltchim (OLT.RO) has agreed to meet with German minority shareholder PCC SE and discuss the latter’s proposed alternatives to mend the company’s financial more

11.28.2011

PricewaterhouseCoopers Management Consultants, KPMG Romania and investment bank Taylor-DeJongh have filed bids to advise on the sale of Romanian state-run chemical company Oltchim (OLT.RO), the more

11.25.2011

Romanian chemical company Oltchim Ramnicu-Valcea (OLT.RO) will keep some 1,000 employees on furlough in December as well, for the fifth consecutive month of furlough, because of raw material and more

11.14.2011

Romanian state-owned chemical company Oltchim (OLT.RO) Monday reported a loss of some 110 million lei (EUR26 million) in the third quarter, cumulating a negative result of RON179.7 million in the more

11.10.2011

Russian electricity producer TISE is interested in buying the majority stake in chemical company Oltchim (OLT.RO), according to a news release issued Thursday by the Romanian Economy Ministry. more

10.28.2011

Romanian Economy Ministry will organize November 21 an auction to select a bank that will broker the sale of state-run chemical company Oltchim (OLT.RO), the company said Friday. more

10.26.2011

Romanian state-owned chemical company Oltchim (OLT.RO) will be privatized by April-May 2012, Wednesday said Karoly Brobely, secretary of state within the Economy Ministry. more

10.25.2011

Romanian banks Banca Comerciala Romana (BCR) and Banca Transilvania (TLV.RO) could agree to a debt-to-equity swap at chemical company Oltchim SA (OLT.RO), the Economy Ministry said Tuesday. more

10.21.2011

The European Commission has asked Romania to make “a clear commitment” and present a privatization calendar for the chemical plant Oltchim SA (OLT.RO), said Joaquin Almunia, Vice-President of the more

09.21.2011

German group PCC, a minority shareholder in Romanian chemical plant Oltchim Ramnicu Valcea, has asked the European Commission to begin an investigation into the state aid prepared for Oltchim's more

09.20.2011

British investment fund Carlson Ventures International, which holds a 14.05% stake indirectly in Romanian chemical company Oltchim (OLT.RO), on Tuesday said it is considering selling its participation more

09.12.2011

Romanian Economy Minister Ion Ariton met Monday with European Commission Vice-President Joaquin Almunia, asking him to hurry the technical procedures on the granting of state aid to mining company more

09.12.2011

A team of current managers at state-owned chemical company Oltchim (OLT.RO), led by general manager Constantin Roibu, showed interest in staying with the company as private management. more

09.08.2011

Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) appointed Constantin Dascalu as new chairman of the board, the company said in a statement Thursday. more

08.31.2011

Romanian chemical company Oltchim (OLT.RO) did not appoint a new board president on Tuesday, thus Constantin Roibu stays on as interim board president until the next meeting. more

08.30.2011

The shareholders of Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) agreed to replace Constantin Roibu as chairman of the board, participants in the meeting told MEDIAFAX. more

08.30.2011

Over 400 employees of Romanian chemical company Oltchim (OLT.RO) protest Tuesday outside the unit’s main pavilion against the policy of German PCC SE, a minority shareholder that holds 18.2% of the more

08.26.2011

Chemical company Oltchim (OLT.RO) on Friday said it will maintain furlough for one third of its employees in September as well, because of shortages in raw materials and working capital. more

08.26.2011

Oltchim shareholders next week are due to discuss taking out loans of around EUR250 million, but also the appointment of a new chairman of the board. more