EnglishShareholders in Faur - Bucharest convened June 12 and decided to shut down the cast iron foundry, the steel foundry and the nonferrous metal foundry and to decommission the related fixed assets, according to a report to the Bucharest Stock Exchange.
Faur concluded last year with 3.3 million RON in profit and has decided to allocate 5% of that sum to reserves and use the rest to cover accounting losses from the previous years. The plant has a share capital of 37.6 million RON and is listed on the Bucharest Stock Exchange. It is one of the 29 members of Bega Group.
Faur was privatized in 2003 to a consortium comprising Laminate - Bucharest, Relco - Bucharest, Rafinaria Astra Romana - Ploiesti and Begacom - Bucharest through a 3.5 million EUR transaction.
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Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
