Bulgaria’s MonBat Opens 13 Mln Euro Lead Recycling Plant in Romania

SOFIA (Bulgaria), June 9 (SeeNews) – Bulgarian car battery making group MonBat officially opened on Thursday а lead recycling plant in Romania following a 13 million euro ($19.1 million) investment, it said.

The plant in Bucharest, which was put on stream in February, is expected to initially process between 15,000 and 16,000 tonnes of lead and lead alloys per year, MonBat said in a statement.

The annual capacity of the installation for crushing used lead and lead alloys is 40,000 tonnes and that of the metallurgical section – 22,000 tonnes. The plant employs 65.

The processed lead and lead alloys will be sold on the European Union market and in other countries, including for production of batteries of the parent company in Bulgaria, MonBat said.

The company, majority-owned by Bulgarian lubricants producer Prista Oil, opened its first plant for recycling of used lead-acid batteries in Indjija, in northern Serbia, in September last year.

MonBat (www.monbat.com), a component of the benchmark SOFIX index of the Sofia bourse, fell 1.47% to a close of 6.7 levs ($5.0 /3.4euro) in a volume of 25,760 shares on Thursday.

(1 euro=1.95583 Bulgarian levs)

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