News 410 views last update:6 Aug 2012

Bunge continues its business with Bulgaria

US company Bunge, which was closing its Dobrich-based vegetable oil refinery Kaliakra AD, will continue to do business in Bulgaria and will even expand its local operations, local media reported.

Bunge used to buy mainly sunflower seed from Bulgarian producers but this year it will start purchasing wheat, maize and rapeseed, according to Bunge Bulgaria executive director Tzvetan Iliev.

Bunge's cooking oil production is shifted from Bulgaria to Hungary or the Ukraine due to the inefficiency of the Dobrich plant. Restructuring the Bulgarian plant would have been difficult and it would have been unwise form a business point of view to keep it operational, said Iliev.

The equipment of the Dobrich factory will be mothballed and could be partially reused in the production of biofuels.

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