Croatia's Crodux Plin plans to invest initial 5.0 mln euro in Dioki reboot - media

Dioki said on Friday it has received from Crodux Plin an offer for business cooperation in the area of polystyrene production.

Crodux Plin plans to finance the relaunch on Wednesday of production of regular polystyrene at Dioki, an operation that would employ 111, daily Poslovni Dnevnik (www.poslovni.hr), reported, quoting Mirjana Tomaskovic, advisor to the Dioki management.

Dioki and its associated companies are currently undergoing operational, financial and ownership restructuring.

According to Dioki's restructuring plan, a strategic partner should start production of expanded polystyrene by the middle of 2013, an operation that should employ a further 130, the news daily said.

Zagreb-based Crodux Plin (www.crodux-plin.hr) is active in liquefied petroleum gas warehousing, distribution and trading.

($ = 0.7601 euro)