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Neochim back at full capacity

Thu, Nov 04 2010 08:32 CET

byDnevnik.bg

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Neochim back at full capacity

Photo: Assen Tonev

Bulgarian fertilisers maker Neochim is already running at full capacity after nearly terminating production last year, as a result of the gas crisis and the weaker demand for its products by farmers, who were hit by the economy slowdown, the company said on November 3 2010.

Neochim was forced to start operating at minimum capacity in January 2009, asking part of its employees to use unpaid leave.

Later in September, the manufacturer said it would relaunch production at full capacity, but several months later the frailer demand again made the company limit its operations.
The company was even expected to resort to staff reduction in the spring of 2010.

According to the company's financial report for the first nine months of the year, its sales marked an increase for July to September. Neochim, however, did not provide a full-year forecast, saying its performance is contingent on various factors, such as the economic turmoil, climate changes and subsidies paid to farmers.

Source: Dnevnik.bg

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