NCHZ gets green light on Solivary merger

AFTER NEARLY five months of deliberations, the Slovak Antimonopoly Office (PMÚ) has approved the merger of salt producer Solivary Prešov and chemicals maker Novacké Chemické Zavody (NCHZ), Solivary's sole customer.

Although Solivary has access to the only salt deposits in Slovakia, PMÚ officials decided that with duty-free imports of industrial salt and no need for certification there was no danger of monopoly control of the industrial salt market.

Following the spring entry of Canadian petrochemical company Exall and Slovak investment fund 1. Garantovaná into NCHZ, the chemicals firm bought an 85-per cent stake in Solivary in May, and announced merger plans a month later.

Ties with NCHZ led Solivary to profits of Sk313 million ($7.1 million) in 2001, following a Sk130 million loss in 2000.

Top stories

Marián Turner became the General Director of the Slovak Philharmonic in January 2022.

Slovak Philharmonic is a first-class institution people outside Bratislava rarely see perform

Marián Turner, a former flautist, has become the new Slovak Philharmonic head. His priority is to fully reopen the institution to live audiences.


19. jan
Bronze sculptures of three late Slovak comedians - Milan Lasica (right), Július Satinský (left) and Jaro Filip (middle) on Lužná Street in Petržalka, Bratislava.

Weekend: Cross-country skiers hit the beach

A hike to Veľký Choč, dinosaur footprints, and a US hip hop legend. Read the latest culture and travel news from Slovakia.


21. jan
Zara Rutherford made a stop in Slovakia on January 15.

In a Slovak plane, teen pilot lands in the world record books

British-Belgian Zara Rutherford has broken two world records, but her global hunt for a tasty pizza was a failure.


21. jan
Ukrainian forces during military exercise.

There goes the neighbourhood

The parallels between Russia’s approach to Ukraine and Hitler’s to Czechoslovakia in 1938 are uncanny.


10 h
Skryť Close ad