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Terem - KRZ Flotski Arsenal - Varna EOOD

Summary

Company ID (NIN)

103882821

Company owner / manager

  • Terem - Holding EAD

Country

Bulgaria

Capital

11,598,000

Total assets

26,467,000

Net loss for the period

1,384,000

Report year

2020

Currency

BGN

Industry

Shipbuilding

Southeastern Europe Company Index (SEECI)

What is SEECI?

General information

About Terem - KRZ Flotski Arsenal - Varna EOOD

Terem - KRZ Flotski Arsenal - Varna EOOD is a Bulgarian shipbuilding and ship repair yard, servicing both civil and naval vessels. Subject to an ongoing privatisation procedure, the company is currently a fully-owned subsidiary of the local military equipment manufacturer Terem - Holding EAD, 100% owned by the Bulgarian Ministry of Defence.

The company is certified according to NATO AQAP 110 Quality Assurance Requirements for Design, Development and Production by the Bulgarian Ministry of Defence.

The company has:

  • ISO 14001:2015 Environmental management systems certificate;
  • OHSAS 18001:2007 Occupational health and safety management systems certificate;
  • ISO 9001:2015 Quality management systems certificate.

 

Last updated on Oct 1, 2021.

Meta info
Status
Active
Legal form
Limited Liability Company
Incorporation date
Jan. 1, 1897
NIN
103882821
Tickers
Stock Exchange
ISIN
Profile last updated
Oct. 1, 2021, 5:10 p.m.
Alternative names

    Terem - KRZ Flotski Arsenal - Varna EOOD Terem - KRZ Flotski Arsenal - Varna Ltd
    Flotski Arsenal EOOD
    Flotski Arenal Varna EOOD
    Terem KRZ Varna EOOD
    Terem Varna
    Terem -KRZ - Naval Arsenal
    Terem Navy Arsenal
    Terem - KRZ Flotski Arsenal - Varna SPLTD
    Terem – SPLTD - Flotski Arsenal – Varna
    Shiprepair Yard Terem - Flotski Arsenal - Varna

History

    1897 - A shiprepair yard is set up on the Varna lake, eastern Bulgaria, by the Defence Ministry of Bulgaria to provide repair services for the naval fleet.

    1998 - VRZ Terem EOOD in Varna merges into the state-owned weapons and ammunition manufacturer Terem EAD. The Varna based ship repair factory becomes a branch of the company and changes its name to Terem – Branch Varna EAD.

    July 20, 2004 - Terem-Branch Varna EAD spins off from the defence company Terem, Sofia, and registers as a limited liability company, owned by Terem EAD. It also changes its name to Terem - KRZ Flotski Arsenal - Varna Ltd.

    Sept 28, 2004 - Bulgaria's Privatisation Agency initiates the sale of 75% of Terem - KRZ Flotski Arsenal - Varna Ltd. In February 2005 the Privatisation Agency cancels the privatisaton procedure.

    Nov 28, 2005 - Bulgaria's Privatisation Agency announced a new privatisation procedure of Terem - KRZ Flotski Arsenal - Varna Ltd in an effort to sell the government owned stake in all subsidiaries of Terem EAD.

    May 15, 2007 - Swedish company Oceanic Creations sets up a joint venture with Terem EAD to invest in Terem - KRZ Flotski Arsenal - Varna Ltd to produce incombustible materials for the construction of floating platforms. The formal name of the joint venture is Oceanic Production – Terem Varna AD, where each partner holds a 50-percent stake and the Bulgarian company participates with a contribution in kind.

     

    Last updated on Oct 1, 2021.

Management

Executives
Danail Stefchev Slavov
CEO

Contacts

Address
Area ladzhata
9003
Varna, Bulgaria
Telephones

+359 52 814 400
+359 52 814 814

Fax

+359 52 814 400

Emails

krz-fa@krz-fa.com
marketing@krz-fa.com

Websites
www.krz-fa.com

Ownership

Name Direct holding Indirect holding Owner type Country
Terem - Holding EAD 100.0 Company Bulgaria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Terem - KRZ Flotski Arsenal - Varna EOOD provides:

  • ship repair services:
    • special ship repair - repair of surface naval vessels and submarines, weapons, radar stations, armament and similar military purpose equipment, predominantly fulfilling orders of the Naval Forces of the Republic of Bulgaria and the Naval Forces of the Russian Federation
    • civil vessels repair services - overhaul, re-equipment and refurbishing of commercial vessels, mainly for shipowners from the Mediterranean and the Black Sea region.
  • shipbuilding, including:
    • building of ancillary vessels and special-purpose vessels for the Bulgarian Naval Forces as well as for foreign customers, including fire-fighting and salvage crafts, tug- and push boats, torpedo recovery boats (cathers) and minesweepers
    • construction, conversion, repair, spare parts for small multi-purpose marine craft such as freight and passenger boats, towboats, diver boats, barges and catamarans.

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