Czech monopoly body approves BorsodChem/MCHZ jv
30 May 2000 17:55 [Source: ICIS news]
PRAGUE (CNI)--The Czech anti-monopoly office (UOHS) has approved the creation of a joint venture between Hungarian chemicals firm BorsodChem and Czech aniline producer Moravske Chemicke Zavody (MCHZ), a UOHS spokesman told CNI on Tuesday.
BorsodChem holds 97.5% of the new joint venture, called BC-MCHZ, while MCHZ's parent company AliaChem will have the remainder for the next five years. The new company came into effect on 27 April.
The UOHS spokesman said that advantages of the link-up include strengthening the production of aniline and other products at MCHZ, which should help maintain employment in the Ostrava region, an employment blackspot in north eastern Czech Republic.
MCHZ produces fertilisers, industrial organic and inorganic chemicals, technical gases and pure chemicals.
By: Mark Andress
+44 208 652 3214
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