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May 19, 2022

Billionaire Niculae: I will close down all the complexes from Jan 1 onward

All six chemical owned by InterAgro owner Ioan Niculae will be shut down from January 1 onward given the gas price charged by the state is “unbearable” – according to the businessman. Over the past two years, Niculae has closed his plants a couple of times, yet, he put them into operation again, once market conditions afforded him to.

This time however, the billionaire no longer appears inclined to do so, unless the gas price is revised down. “The fertilizer production has been done with already. The gas price did it. Since July, the National Energy Regulatory Agency (ANRE) has upped the price of gas 40 pc, from USD 240 to USD 340. I still have two complexes open, to meet some back orders, and on December 31 I will close them down for an indeterminate period of time. That’s it,” Niculae told Money.ro in an exclusive statement.

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