02 November 2009 12:17 [Source: ICIS news]
BUCHAREST (ICIS news)--Oltchim posted a net loss of Romania New Lei 172.5m ($59.3m, €40.3m) for the first nine months of 2009, compared with a net loss of New Lei 27.68m in the same period last year, the Romanian petrochemical and plastics manufacturer said on Monday.
Turnover decreased 51% year on year to New Lei 792.16m, the company added, without commenting on the results.
Based in Ramnicu Valcea, in southern ?xml:namespace>
In July, the Romanian government approved a rescue plan for the indebted state chemical producer.
The European Commission launched an investigation on 15 September into whether
($1 = New Lei 2.91/€1 = New Lei 4.28)
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