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Neochim AD (Bulgaria)

Main Activities: Pesticide, Fertilizer, and Other Agricultural Chemical Manufacturing | Nitrogenous Fertilizer Manufacturing
Full name: Neochim AD Profile Updated: March 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Bulgarian chemical fertiliser plant Neochim, which was established in 1951, produces ammonia, nitric acid and inorganic and organic chemical products. The company, located in the southern town of Dimitrovgrad, has the capacity to produce around 450,000 tonnes of ammonia and 480,000 tonnes of nitric acid annually. Neochim operates warehouses in the cities of Blagoevgrad, Karnobat and Razgrad. Exports accounts for around 50% of the company`s annual sales.
In June 2000, Bulgaria's Privatisation Agency sold 51% of the indebted chemical fertiliser plant to a Bulgarian-Lebanese consortium for USD 100,000. The buyer, Neochim Invest, pledged to invest USD 5.6 million over five years and settle the plant's debt, the bulk of which was USD 14.7 million in long-term dues owed to local gas monopoly Bulgargaz. Neochim Invest was set up by Bulgaria-registered Euro Fert company and Lebanon's Karimex Chemicals International, a company of Karimex Group established in 1994 to export Bulgarian chemicals and fertilisers to Arab states. Euro Fert was set up especially for the sale of Neochim.

Headquarters
Himkombinatska East Industrial Zone
Dimitrovgrad; Haskovo; Postal Code: 6403

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Website: http://www.neochim.bg

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
April 02, 1990
Key Executives
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Chairman
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Chief Executive Officer
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Chairman of the Supervisory Board
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Vice Chairman
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Vice Chairman of the Supervisory Board
Ownership Details
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3.71%
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3.33%
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2.19%
Subsidiaries
Neochim Protect Eood
100%
Neohim Tarum Ltd (Turkey)
Company Performance
Financial values in the chart are available after Neochim AD report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net sales revenue
-54.72%
Total operating revenue
-54.57%
Operating profit (EBIT)
N/A
EBITDA
N/A
Net Profit (Loss) for the Period
N/A
Total assets
-20.09%
Total equity
-20.41%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Debt to Equity Ratio
-0.38%
Quick Ratio
0.42%
Cash Ratio
-1.53%

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