The Donau Chem Turnu Măgurele fertilizer plant, once one of the largest chemical complexes in the country, was put up for auction about two years ago.
After more than five years of inactivity, the strategic acquisition of the plant marks a crucial step in revitalizing the industry, contributing to the development of the agricultural and industrial sectors in the region.
The auction was won by Bluechem Hub SRL
"We are excited to announce the acquisition of the industrial complex dedicated to fertilizer production. We are taking over an impressive production capacity as follows: Ammonia III: 300,000 tons/year, Nitric Acid II: 240,000 tons/year, Urea I: 200,000 tons/year, Urea II: 300,000 tons/year, Granulated Ammonium Nitrate: 300,000 tons/year, Ammonium Nitrate Solution: 115,000 tons/year, and Liquid Fertilizers (UREAN 32%): 495,000 tons/year. The modern infrastructure, combined with our expertise and commitment to operational excellence, allows us to resume production in the near future, supporting farmers and industries with high-quality fertilizer products. This achievement reflects our confidence in the industry's potential, which has driven us to commit to contributing to the region's economic development and promoting a sustainable future," stated Daniel Moraru, director of the company that acquired the plant. Well-known in the business world for top investments, Moraru concluded 2024 with another major acquisition – the Palace Hotel in Constanța, located in the peninsula tourist area, near the Casino.
Returning to the industrial complex in Turnu Măgurele, the new owner stated that the reactivation of the plant is expected to create numerous jobs and stimulate economic growth in the region, fostering a sustainable and prosperous future.
"We are currently in the process of implementing the necessary steps to ensure the resumption of operations. From modernizing equipment to adopting strict safety and environmental standards, we are focused on building a resilient and efficient facility. We look forward to sharing new developments as we approach the reactivation of this remarkable plant. Soon, we will open a new chapter of growth and productivity in this sector," said Daniel Moraru.
"Let's build the future of our children the way we envision it!"
Daniel Moraru, president of the National Union of Romanian Employers – South-East Region (UNPR-RSE), delivered a strong message to all Romanian entrepreneurs: "Have the courage to invest in Romania's reconstruction! Let's build the future of our children the way we envision it!"
Source text: stirilemedia.ro
Cover photo source: turnucustiri.ro