Archive | October, 2010

OMV could become regional chemical leader through Turkey Petrol purchase

Austria’s OMV has been trying to transform itself into a regional oil refining hub for some time through the acquisition of Romania’s Petrom and, on 22 October, by boosting its stake in Turkey’s Petrol Ofisi from 42% to 95% though an E1bn deal. This deal gives it opportunities for further growth in chemicals. ICIS news […]

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Privatization of Romania chemical group Oltchim moves up a gear

Trawling through my Google Reader I found this story which suggests the privatization of Romania’s Oltchim could be moving into gear. This press report suggests that investment funds may be interested in buying a stake. But I would have thought that the existing international investor, Germany’s PCC, would be the obvious candidate to boost its […]

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Turkey’s Arkem aims to become major regional player in chemical distribution

I recently interviewed the CEO of Turkey’s Arkem, a major chemical distributor domestically with ambitious plans to become a major regional player in chemical distribution.  This was the first media interview ever for the company’s CEO and chairman, Levand Kokuludag but he seemed more relaxed than many old hands who have undergone so much “media training” […]

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BASF boosts presence in Poland

With notable exceptions such as Basell and Lanxess, few global chemical companies have taken the bold step of investing in production facilities in CEE or Russia. So the news that BASF has opened a new Polyurethane System House in Poland (at Srem near Poznan) is encouraging for the region.  This is a relatively small investment, reported to […]

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EPCA Budapest cocktail party is a hit

Delegates at this year’s European Petrochemical Association (EPCA) annual meeting in Budapest enjoyed a cocktail party at the city’s beautiful National Gallery last night. The historical building – which is a former royal palace – sits high up above the River Danube overlooking the city. Below are some scenes I shot at the event. Events […]

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