Hungary (60)

HUNGARY

Report: Romania's Oltchim to lay off 25% of its staff
Indebted petrochemical producer Oltchim (Râmnicu Vâlcea, Romania), will lay off a quarter of its staff starting next week, according to reports in the Romanian press. About 600 of the 900 job cuts will take place at the company's main production...

Reports: European Commission rejects government aid scheme for Oltchim
The European Commission has rejected a request by the Romanian government to supply debt-burdened petrochemical manufacturer Oltchim (Râmnicu Vâlcea, Romania) with €20 million ($26 million) in state aid, Romanian media sources report. The...

Brenntag opens coatings lab in Hungary
Brenntag has expanded its service portfolio for the coating and construction industry at its technical center in Budapest with the opening of an applications laboratory. The new lab offers applications technology and test equipment for polymer...

Romanian court approves Oltchim insolvency
A Romanian court has approved the request for insolvency filed by beleaguered petrochemical manufactuer Oltchim (Râmnicu Vâlcea, Romania) on 30 January, local media reports say. The insolvency route was one of several options presented by the...

Tessenderlo closes Profialis divestment
Tessenderlo Group (Brussels) has completed the sale of Profialis, its continental European polyvinyl chloride (PVC) profiles activities, to private equity firm OpenGate Capital (Los Angeles), the two companies said today. Financial terms were not disclosed...

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