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Azomureş may be left without competition in Romania if Niculae closes plants
06.01.2011, 23:57 | Business | 916 views
Azomureş Târgu-Mureş (AZO), leader of Romania's chemical fertiliser market, is likely to significantly boost its market share domestically if businessman Ioan Niculae, owner of Interagro, does not change his mind about closing all the chemical plants he owns in Romania. Two Turkish-controlled firms, Eurofert Investments and Azomureş Holdings, own 76% in the company's shares. Until recently, Azomureş and Interagro almost equally shared 80% of the domestic fertiliser market revolving around 1 million tonnes annually, while the rest was covered by imports, particularly from Ukraine, which benefits from a low price of natural gas. Read more on ZF.ro
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