Trace Group Hold With Contracs Worth 27.3 Mln Leva Year-To-Date

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Trace Group Hold With Contracs Worth 27.3 Mln Leva Year-To-Date

The companies within the structure of Trace Group Hold signed 17 contracts for the realization of projects worth a total of 27 323 342 leva (13.970 mln euros) year-to-date.

The company will soon endorse another 6 contracts, after it was chosen to execute several projects.

The Stanilov-Trace consortium will build a main sewage collector worth 11 019 325 leva (5.634 mln euros) in Stara Zagora, which will also be the first infrastructural project in Bulgaria sponsored by EU structural and cohesion funds. Trace Group was also chosen by the Ministry of defense to build a storage facility and an asphalt yard towards it in the Bezemer aviation base. This project is worth 179,596 leva (91,825 euros).

Trace Group Hold consists of 11 companies operating in the industry and situated in regions of strategic importance.

On 30 July 2007 its subsidiary PSI AS launched into operation a new facility producing asphalt mixtures with a capacity of 220 tonnes per hour in the village of Bogomolovo, Srara Zagora district.

The Marini facility (type Ultimap 2700 BS) was produced in 2007 and can produce all types of asphalt mixtures. The investment cost the company some 1.7 mln euros.

It is one of the few asphalt mixtures bases in Bulgaria with such capacity and equipment and it meets all technical, ecological and labor safety requirements. The operation is entirely computerized. The enhanced capacity increases the company's chances to participate in other infrastructural projects funded by the EU, since its activity meets all quality standards.

Trace Group Hold is planning to increase capital from the current 2 mln leva (1.022 mln euros) to 2.2 mln leva (1.124 mln euros) by offering 200,000 shares or 10% of its capital on the Bulgarian Stock Exchange.

In 2006 the company reported core activity revenues in the amount of 117.902 mln leva (60.282 mln euros), against 113.076 mln leva (57.814 mln euros) a year ago. 2006 after-tax profit dipped to 5.242 mln leva (2.680 mln euros), against 8.15 mln leva (4.167 mln euros) in 2005.

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