KZU

KZU was founded in 1966 by the Bulgarian state with welding as core specialty. At the time the company was a part of the largest assembling organization in Bulgaria. During the years, KZU was given production sites and started producing various steel structures for all of the large petro-chemical plants in the country, as well as for international clients, thus completing hundreds of tanks and vessels and kilometers of longitudinal welded pipes. In 1991, following the political changes in Bulgaria, the company was transformed to a private state-owned company and for the next six years due to the loss of markets, KZU Plc accumulated a large amount of liabilities to the state, workers, suppliers. This was the most difficult time for our company. 1996, was the year in which the current managing director Mr. Antony Antonov was appointed by the Minister of Regional Development and Public Works with the goal to revitalize the company, pay-off the liabilities, and privatize it. 2001 - KZU became a private joint-stock company, part of the Naftex group of companies, owner of the largest petrol storage facilities in Bulgaria. The management of the company was transformed into a two-level board system. 2005 - KZU AD shares were bought by Finex AD, but the managing director and president of the Board of Directors is still Mr. Antony Antonov.