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March 1, 2021
BUSINESS

Uztel Ploiesti signs USD 2 M contract with Array

“We have just signed a contract worth USD 2 M with Houston-based Array Company, today (September 25) a representative of the Americans is visiting Uztel. Array is one of Uztel’s old partners, being part of the American branch of the shareholders,” lawyer Remus Borza, the owner of Euro Insol Company, Uztel’s trustee in bankruptcy, stated for ZF.
Uztel’s majority shareholder is the Uztel Association, which holds 83.8 per cent of the shares, while America’s Array Products holds approximately 5 per cent of the shares according to the latest data available. The Uztel Ploiesti oil equipment producer (UZT on the stock exchange), which went insolvent four years ago, has signed a contract worth USD 2 M and will supply products to Houston-based Array Company, according to the trustee in bankruptcy.
Uztel’s majority shareholder is the Uztel Association, which holds 83.8 per cent of the shares, while America’s Array Products holds approximately 5 per cent of the shares according to the latest data available.

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