Tisza Chemical Group Public Ltd Co : 16 Jul, 2012 Change in the senior management of the Company More
July 16, 2012 at 11:30 am EDT
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EXTRAORDINARY ANNOUNCEMENT
ABOUT CHANGE IN THE SENIOR MANAGEMENT OF THE COMPANY
Tiszaújváros, July 16, 2012
Tisza Chemical Group Public Limited Company (TVK Plc.) hereby
informs its shareholders and capital market participants,
that as from July 15, 2012 Balázs Sándor is the Chief
Financial Officer, Deputy CEO of TVK Plc. Mr. Sándor does not
hold any TVK shares.
Gyula Hodossy former CFO continues his professional career
within MOL Group.
Tiszai Vegyi Kombinat Nyrt (Tisza Chemical Group Public Ltd Co) is a Hungary-based chemical company. It is engaged in the production of chemical raw materials for plastic processing from a variety of hydrocarbons. Its offering includes ethylene, propylene, polymers and olefin, which are traded both on domestic and foreign markets. The Company's organizational structure comprises two segments, namely Petrochemical, and Corporate and other. The production process includes two stages: making monomers and polymerization. The Company's olefin plants convert naphtha, gasoil and liquefied gases into ethylene and propylene, which are processed into low density polyethylene (LDPE), medium and high density polyethylene (HDPE) and polypropylene (PP). The Company has three wholly owned subsidiaries: TVK France Sarl, TVK Ingatlankezelo Kft and TVK Eromu Termelo es Szolgaltato Kft, an electric utility company. MOL Hungarian Oil and Gas Plc is the main shareholder of the Company.