One of the biggest consulting companies in the World Arthur Anderson initiated a financial claim against PA in the International Arbitrage Court in Paris. The company is not pleased with the calculated commission that received from the privatization of Neftohim, Petrol, Sviloza and Neohim. USD 5 million is the sum for which is the case in Paris Arbitrage Court. According to PA the judgement of the Paris Court will be in favour of the Agency. The total sum at which amount the assets of the 4th sold companies is USD 400 million plus USD 500 million investments, promised by their buyers. The big consulting companies Barentz group and Nujton finance recently wanted to sue PA in connection with the same financial disputes.
Source: Standart (15.01.2001)

The price of the saltpeter, produced by Agropolychim, has raised with 5 not with 30 per cent, claim employees from the Ministry of Agriculture. The production of ammonia nitrate was not decreased and the plant is able to increase the production but the demand from the domestic agriculture producers is less than last year's. During November was enforced a protection duty for the import of fertilizers from other plants in the region. The price the new crops of wheat will be raised with BGN 50 million but from the fertilizers plant in reported an increase of BGN 4 million. From the Ministry of Finance and the Ministry of Agriculture accused Agropolychim that it has a monopoly position and threatened that the protection duty will be removed.
Source: Black sea (22.02.2001)

Average 2 100 tons of ammonia saltpeter a day produces Neochim-Dimitrovgrad. This is 25-30 per cent less than the consumer's demand for the last two months. Nevertheless that two thirds of the production is destined to the domestic market the orders are delayed with about ten days each. 250 000 tons of ammonia saltpeter are necessary for the domestic market, 200 000 of which for February and March. It is not possible together with Agropolichim Neochim to produce such an enormous quantity. By the end of last year two thirds of the production was destined to the foreign market due to the lack of orders from the from the domestic market. If the state fund Agriculture has credited the agricultural producers 2 or 3 months before the beginning of the active season there would not have been a lack of nitrate fertilizers. Yet in October last year Neochim offered to distributors and experts special contracts so that the clients could order and pay in advance the quantity of fertilizers they needed. The received orders only for about 4000 tons. Totally 450 000 tons saltpeter for more than BGN 120 million were produced in Neochim during 2000. For the first time during the last few years the fertilizers factory reports a profit of BGN 4.2 million.
Source: BTA (09.03.2001)

4 people were burned during fire in the Neftochim refinery in Bourgas yesterday. The incident was caused by a leek of gas in the manufacture of Devinil. In the put out of the fire were injured two firefighters. The manufacture process in the work-shop was stopped for an hour. Yesterday burned the Oxigen department in the fertilizers plant Neochim - Dimitrovgrad. No one was injured. The flames was put out for 10 minutes. It is supposed that the fire was caused by technical problems. Meanwhile 19 workers from Glavbolgarstroy were burned after an explosion of a bottle of propane-butane gas in the center of Lubimetz yesterday. 8 of them are in critical condition, two of the injured are foreigners. The explosion happened about 16 o'clock while a group of workers were asfalting a street in the center of the city. The object is part of the PHARE program for rehabilitation of main road E81. Two workers were transporting bottles of propane-butane over one of the machines. From the high temperature it exploded. The worst injured man has 80 per cent burned
Source: Maritsa (03.05.2001)

Agropolichim - Devnia and Neochim - Bourgas are not imposing monopoly high prices, decided the Commission for Protecting of Competition after a month of investigation of the signals. Both plants were acting separately in their price politics and have raised the prices of their production due to the growth of the price of the natural gas - was the motifs of the Commission.
Source: Capital (07.05.2001)

The fertilizer's plant Neohim, Dimitrovgrad realized a profit of BGN 10.2 million for the first four monthsof the year, announced its Managers. However their expectations are the positive result to reduce in the summer when in general there are many repair works.
Source: Banker (11.06.2001)

The General Meeting of Neohim Dimitrovgrad dismissed Mar. Yurii Arojo from the Board of Directors and selected at his place Trud i kapital holding that holds 8.39 per cent of the capital of the company. The company will not distribute any dividend and the profit of BGN 4 100 000 will be referred in Reserve fund.
Source: Pari (25.06.2001)

A year after the privatization of Neohim-Dimitrovgrad , a plant for fertilizers , the managerial works hardly and purposively for the development of the company. Now 1600 employees work in the plant and the average salary is BGN 400 . In comparison to season 1999-2000 this season the sales are more than 200 000 tons.
Source: Pari (16.07.2001)

BGN 267 million was the commodity circulation for the first six months of Haskovo district, announced from the Regional Statistics Bureau. The share of the chemical industry is the biggest, represented by Neohim JSC Dimitrovgrad - 44.5 per cent. The second biggest sector in the region - tobacco manufacture, is in a slowdown and has reached the lowest level for the past few years - 14.5 per cent. A decrease of 20 per cent is reported in the production of drinks. The machinery construction is reviving and returning its good positions in the region. The export of production from Haskovo district has increased as compared to last year and for the second quarter of the year it has reached BGN 92 million or 34 per cent of what was produced is realized on the international markets.
Source: Pari (09.08.2001)

The factory for nitrogen fertilizers Neochim, Dimitrovgrad produces 2000 tons of ammonia nitrate daily. As to beginning of the fertilizer season in the warehouses of the company there are about 20-30 thousand tons of saltpeter for the initial needs of the agricultural producers. The use of the full capacity of the factory started last week after the traditional capital repair. Fertilizer crisis is not expected this year.
Source: BTA (08.10.2001)

By order of the Executive Director of Neochim JSC Mr. Dimitar Dimitrov, the chemical giant in Dimitrovgrad is under security. The entrances and exits are under special control and the warehouses are observed with cameras. The plant is with strategic meaning and is one of the most dangerous objects in the State for which have to be taken additional measures for security after the attacks of USA and GB against Afganistan.
Source: Pari (15.10.2001)

The Dimitrovgrad-based chemical plant Neochim offered a new scheme for sales of its main product - ammonium nitrate in the beginning of the new fertilizer season. The plant is going to concentrate the selling rights on the domestic market in the hands of its trade representative Euro Fert JSC. As of September 1, Euro Fert reduced threefold the number of its distributors and is currently working with 20 companies. The company's Management explained that these measures were undertaken due to the fact that until now people buying small quantities of ammonium nitrate benefited from buying preferences. " We have selected Neochim's biggest clients, which possess their own depots", stated Euro Fert's Trade Manager Mr. Mitko Zhekov. The reduction of the distributor's network is made for the purpose of concentrating the sales of ammonium nitrate. The owners of the plant are expecting to restrict the re-selling of ammonium nitrate and the speculative raising of its price. According to the new working method, the distributors will offer ammonium nitrate in 4 regions - northeastern, southeastern, northwestern and southwestern. The prices of ammonium nitrate will vary from BGN 264 to BGN 260 (VAT excluded) per ton in the different regions. Neochim's trade company offers three different prices to its distributors depending on the time - until the beginning of the fertilizer season, the start of the season and the following period. A small part of the plant's production will be offered directly through commissioners. As of September 1, the combine eliminated the "forwarding contracts" as well, which used to allow the consumers to pay in advance the ammonium nitrate, but to transport it after a few months. This selling method used to lumber the combine's depots.
Source: Dnevnik (25.10.2001)

The three fertilizer plants in Bulgaria - Neochim JSC-Dimitrovgrad, Agropolichim and Chimko-Vratza will establish Association of the fertilizer producers, announced the Executive Director of Neochim JSC Mr. Dimitar Dimitrov. The aim of the partnership is to protect the interests of the main subjects of the fertilizer market - the chemical plants and agricultural producers who are the major consumers of the plants' production.
Source: Pari (30.10.2001)

The fertilizer plants want again to buy cheaper gas and to introduce fees at the export of competitive production. This was declared by the newly established Association of the fertilizer plants which includes Chimko-Vratza, Agropolihim-Devnia and Neochim - Dimitrovgrad. At the moment Bulgargas sells the gas at BGN 300 per 1000 cubic metres without VAT. At direct deal of the import the price may drop with 30-35 per cent.
Source: Standart (15.11.2001)

The illegal export of artificial fertilizers and the high prices of propane-butane are the main obstacle for the fertilizers industry in Bulgaria. This is a n announcement of the representatives of the three biggest plants for fertilizers Chimko, Neochim and Agropolichim. The decrease in the foreign demand and collapse of the domestic market since 1991 are the main problems for the fertilizers industry. The consumption of nitrogen fertilizers by the Bulgarian agriculture in the end of 80-s was nearly 550 000 tons and during 2000 it has fallen under 150 000 tons.
Source: Dnevnik (19.11.2001)

The three working factories for fertilizers Chimko - Vratza, Neochim - Dimitrovgrad and Agropolichim - Devnya will be probably be forced to stop their activity because of the high prices of the natural gas. If this really happens 500 employees will lose their job and the consumption of natural gas will be halved.
Source: Dnevnik (10.12.2001)

The research works on the ecoprogramme for liquidation of the phosphorous gypsum in the region of the plant Neochim JSC in Dimitrovgrad are finishing. The manufacture of phosphorous fertilizers was stopped in 1990 and the piled scrap left in the region of the town. Neochim who is among the biggest producers in Bulgaria of artificial fertilizers, is the main polluter in the region. However the management give considerable amounts for ecologic activities. At the moment the company is working on two programmes: one of liquidation of past ecological damages and amounts to EUR 9 million. The second programme is in accordance with the ecological legislation and amounts to USD 4.6 million. According to the Executive Director Mr. Dimitar Dimitrov the financial state of the company is good.
Source: Pari (14.12.2001)

Neochim JSC exceeds its incomes with about BGN 6 million for 2001, was reported from the plant in Dimitrovgrad. Over 430 000 t ammonium nitrate were produced in the plant over the last year. The sales at the domestic market were increased with about 10 per cent. About USD 2 million were invested in maintenance of the production capacities and equipments.
Source: Standart (27.12.2001)