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Neochim

Established: 1951

Location: Dimitrovgrad

Employees: 1 250

Products: nitrogen fertilizers, ammonia and other chemical products

Strategic development of Neochim PLC is implemented with the realization of investment projects.

  • A project for the construction of a Turbogenerator Plant was completed, in which over 10 million BGN were invested.
  • In 2007, the company introduced a production line for mixed fertilizers NPK (blend) in which 1.5 million BGN were invested. The production line has a capacity of 8 tonnes per hour.
  • In cooperation with the Russian research institute OAO GIAP (Moscow), Neochim PLC developed pioneer technologies for reconstruction of the ammonium nitrate production unit AC-72. In 2008, the production capacity of AC-72 was increased by 50%.
  • In 2012, an investment in an energy efficiency and carbon emissions reduction project was made. The first stage of the revamp was completed during the same year, and thus natural gas consumption per tonne of ammonia produced was reduced significantly. The expected economy is estimated to millions of EUR yearly.

Another 49 million BGN will be invested during the period from 2013 to 2017.

In 2012, the most successful export destinations for Neochim PLC were the USA and Turkey. In Europe the company has strong market positions in UK, Greece, France, Romania, Italy, Macedonia, and Spain.

 

The company attracts new specialists and provides employment opportunities through schemes of the European Operational Programme “Human Resources Development”. The total funds for the program period 2011 – 2013 were 408 570 BGN. During this program period 55 trainees were employed under the scheme BG051PO001-1.1.06 “Provision of employment for young people through internship opportunities”. Currently 18 of them are still employed by the company.

 

For the period 2011 - 2013 the “Working conditions” fund of the Ministry of Labor and Social Security in Bulgaria, awarded the total amount of 345 218 BGN for two Neochim PLC projects.

 

For the period 2008 – 2012 Neochim PLC granted bursaries to seven persons and internships to 94 school and university students of related subjects.

 

The company participates and makes presentations at prestigious international forums and exhibitions such as Nitrogen and Syngas 2009 in Rome.