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Combinatul de Utilaj Greu SA - bankrupt

Summary

Company ID (NIN)

11605032

Company owner / manager

  • Others
  • State
  • SIF Banat Crisana SA

Country

Romania

Capital

32,621,764

Total assets

1,631,652

Net loss for the period

21,453

Report year

2017

Currency

RON

Industry

Ferrous Metals

General information

About Combinatul de Utilaj Greu SA - bankrupt

Combinatul de Utilaj Greu SA is a Romanian ferrous metal foundry.


Last updated on August 14, 2019.

Meta info
Status
Bankrupt
Legal form
Joint Stock Company
Incorporation date
March 29, 1999
NIN
11605032
Tickers
Stock Exchange
ISIN
Profile last updated
Aug. 14, 2019, 3:11 p.m.
Alternative names

    Heavy Equipment Works SA (JSC)
    Heavy Equipment Plant SA (JSC)
    CUG SA (JSC)

History

    1978 – The Combinatul de Utilaj Greu metal products manufacturing enterprise is established in Cluj-Napoca, northwestern Romania.

    1991 - Combinatul de Utilaj Greu SA is split into eight independent companies.

    Mar 29, 1999 - Combinatul de Utilaj Greu SA is re-established through the merger of ERS–CUG SA, FORTUR-CUG SA and PSA-CUG SA.

    Feb 18, 2000 - The company lists on the Bucharest Stock Exchange.

    Sept 28, 2000- Romania's State Ownership Fund FPS (now AVAS) starts the privatisation of Combinatul de Utilaj Greu SA, offering a 88.08% stake in the plant.

    Aug 14, 2006 - Combinatul de Utilaj Greu SA delists from the Bucharest Stock Exchange (Stock symbol: CUGC; ISIN: ROCUGCACNOR5).

    Nov 14, 2006 - The Cluj Commercial Court launches bankruptcy proceedings against the company.

     

    Last updated on August 14, 2019.

Management

Executive Board
Gheorghe Badau
Director
Nicolae Campan
Director
Marinela Chelu
Director
Simion Chisu
Director
Gheorghe Cioca
Director
Eugenia Matis
Director
Codrea Pop
Director
Ioan Racasan
Director
CITR SPRL
Director

Contacts

Address
18, Muncii Blvd.
3400
Cluj–Napoca, Romania
Telephones

+40 64 415 225

Fax

+40 64 415 264

Emails

office@cug.ro

Websites
N/A

Ownership

Name Direct holding Indirect holding Owner type Country
Others 3.83 Other
State 91.15 State
SIF Banat Crisana SA 5.02 Company Romania

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Combinatul de Utilaj Greu SA produces:

  • Steel forgings and die forgings - rolling mill rolls, turbine rotor axles, crown gears, couplings, driving rods for ship engines, hydraulic blocks;
  • Steel castings - slag ladles, press bodies, rolls, rings and other parts for cement plants, wheels, casings and different components for heavy equipment;
  • Iron castings – machine stands and housings, gearbox casings, counterweights, sewer frames, covers and grates, steel casting equipment, fly wheels, agricultural machinery parts, automotive parts, etc;
  • Industrial machinery components and welded structures – sub-assemblies for mill-stands, gearboxes, sub-assemblies for heavy machinery and equipment.

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