Kaolin AD acquires Serbian quartz producer

By Mike O'Driscoll
Published: Friday, 17 December 2010

Bulgarian ceramics/glass minerals supplier continues expansion in south-east Europe

Bulgarian industrial minerals producer Kaolin AD has acquired quartz producer Belorecki Pescar Mine of Bor, Serbia.

 

The acquisition, costing €1m. ($1.3m.), was through Kaolin AD’s subsidiary Yugo-Kaolin, which is planning a €850,000 investment in Belorecki Pescar.

 

Alexander Prokopiev, chairman of Kaolin AD...

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