Interagro chemical fertilizer complexes could be relocated abroad

“I keep receiving offers from partners in Canada, Sweden, the United States of America, and Turkmenistan, to disassemble the complexes and move them abroad. Relocation could be a commercial option,” Niculae told Business Standard.

The businessman did not mention whether relocation would necessarily mean selling the four complexes he currently controls. “I will make a decision in a week. I cannot wait longer for a reply from the government,” he added.

The 5,000 employees working in the chemical fertilizer complexes, who were laid off temporarily in last year’s second half, will be subject to permanent layoff as of 10 January.

Niculae recently said that the financial losses resulting from closure of the chemical fertilizer complexes, which made up 60 percent of Interagro’s activity, exceed $100 million.