Nováky municipality welcomes decision to sell NChZ – but only as a whole

According to Ján Martina, the head of the local government in the town of Nováky, the municipality welcomes the decision of creditors of Nováky Chemical Works (NChZ) to try to sell the company, which went bankrupt in October, he told the TASR newswire on May 17. According to Martina, it is important that the situation of NChZ be stabilised because the chemical works are the town’s important strategic partner and a significant payer of real estate tax. He added that it is necessary to sell the company as a whole because that is the only guarantee of preserving the employment of approximately 1,800 people, many of whom live in Novaky.

According to Ján Martina, the head of the local government in the town of Nováky, the municipality welcomes the decision of creditors of Nováky Chemical Works (NChZ) to try to sell the company, which went bankrupt in October, he told the TASR newswire on May 17.

According to Martina, it is important that the situation of NChZ be stabilised because the chemical works are the town’s important strategic partner and a significant payer of real estate tax. He added that it is necessary to sell the company as a whole because that is the only guarantee of preserving the employment of approximately 1,800 people, many of whom live in Novaky.

NChZ filed for bankruptcy and protection from its creditors at Trenčín District Court in October because of what it called the “insensitive stance of the European Commission” and the level of a fine it imposed on the company.

The firm was one of nine European companies fined by the Commission last July for entering into a cartel agreement concerning sales of calcium carbide. The overall fine amounted to €61 million and NChZ and its former shareholder 1. garantovaná were ordered to pay €19.6 million as its share.

NChZ was given the status of so-called strategic enterprise by the Slovak state in November and if the state interests are endangered it is willing to buy the company itself, TASR reported.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Illustrative stock photo

First Delta variant confirmed in Slovakia

The labs confirmed the strain in a positive sample from a person who returned from Russia.


4 h
Trnava

Several antigen testing sites will close in the summer. But tests will still be needed

The testing sites might be kept in hospitals, policlinics and similar medical facilities.


4 h
Items offered within the City Bazaar held last October.

Bratislavans can bring still usable items they no longer need to the City Bazaar

Bratislava and municipal waste collection company organising a collection to help households get rid of unused items and simultaneously raise money for a reuse centre.


22 h

News digest: Central bank calling vaccination pace more important than that of GDP growth

Police announced strict border checks for tomorrow. Ministry analysts revised their GDP growth prognosis. Employees of U.S. Steel in Košice threaten a strike.


22 h