The businessman told Business Standard that he hopes to liquidate his large stocks by exporting to countries such as India and Pakistan, two markets he could not enter before, due to far lower costs for other competitors.
Russia, a major player on this market, is currently registering higher costs than in previous years on the logistics segment. “It is difficult to compete on exports with countries such as the United States, where producers pay some $116 for 1,000 cubic meters of natural gas, while we pay Romgaz some $152,” said Niculae.
Interagro registered almost €1 billion in turnover in 2008, but Niculae expects business on the chemical complex segment, which makes up about two thirds of his total business, to drop by approximately 40 percent this year.
