Ukraine“s State Property Fund has called a new tender for 76.18% of Stekloplastik in the Lugansk region, it was reported on 25 June. The results of the tender was be announced by the end of July. The…
Ukraine“s State Property Fund has called a new tender for 76.18% of Stekloplastik in the Lugansk region, it was reported on 25 June. The results of the tender was be announced by the end of July. The starting price for the share package was set at UAK 8.500 million. The investor must agree to introduce one-stage fibreglass production at the plant within five years, and maintain the company profile and jobs for two years. The three previous tenders failed to attract bids. Stekloplastik produces glass filler thermoplastic, fibreglass, and other products. The company closed 2001 with net losses down 2.3 times compared to 2000 at UAK 521,000. Sales increased 11.2% to UAK 22.736 million and production totalled UAK 22.978 million, up 24.7% from 2000. Stekloplastik has charter capital of UAK 8.497 million and par value is UAK 0.25.