29-Jun-2011 - Borealis AG

Borealis further expands its Base Chemicals business into Bulgaria

Linzer Agro Trade, fertilizer wholesaler, is extending its network with the opening of a new subsidiary in the Bulgarian capital, Sofia. The new sales office is part of the company’s expansion programme into Southeast Europe. It will sell not only fertilizers that the company produces itself, but also fertilizers of CEE countries and Russian producers.

Linzer Agro Trade is a 100% subsidiary of Borealis Agrolinz Melamine GmbH and a member of the Borealis Group. Borealis Agrolinz Melamine produces melamine and technical nitrogen products as well as fertilizers, its operations focus strongly on the Danube region.

“With the foundation of Linzer Agro Trade Bulgaria, we have reached another milestone in our plans to further expand into Southeast Europe,” says Markku Korvenranta, Borealis Executive Vice President, Base Chemicals. “We see high growth potentials for the fertilizer business in both Bulgaria and Romania. In Bulgaria alone, the market has a current requirement for around 600,000 tonnes of fertilizer per year. We estimate this to still increase since large areas of land currently lie fallow.”

Borealis’ investment of EUR 4.5 million in a new import hub in neighbouring Romania, in Giurgiu, is proceeding according to plan with the erection of a bulk warehouse of 7,000 million tonnes with necessary packaging and palletizing facilities. This site will serve both the Bulgarian and Romanian markets. A distribution point in Timisoara, Romania is also planned for this year.

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