Kaolin

About Kaolin

Kaolin was established in 1924 in the town of Varna. It exploited deposits in the area around what is now the town of Kaolinovo. In 1936 another mining joint-stock company, ‘Dunav’, with head office in Ruse, started developing and exploiting deposits in Vetovo and Senovo. The two companies continued their activities till the end of 1947, when the mining of kaolin in Bulgaria was nationalized. Two state-owned companies were incorporated with head offices in Senovo, Ruse Region, and Kaolinovo, Varna Region. They merged into one - ‘Dimitar Blagoev’ State Mining Company (later called ‘Dimitar Blagoev’ Mining and Ore-treating company), which management was located in Senovo, Ruse region.

In November 2006, Kaolin acquired 91.67% of the capital of “Ogneuporni Glini” AD. The main activity of the company is mining and processing of fire clay, quartz sand and chalks for the needs of industrial production, agriculture, construction and cosmetics. Through Yugokaolin - 100% subsidiary company, incorporated in the Republic of Serbia in October 2003, Kaolin acquired also the assets and business of ‘Serboquartz’ – the biggest producer of quartz sand on the territory of former Yugoslavia – as well as control of Kopovi Company in the town of Ub – the second biggest producer of quartz sand in Serbia. The assets of Serboquartz SC were acquired on 27.05.2004, at a tender organized by the Commercial Court in the town of Zaychar, after the company had been wound up. Through these acquisitions Kaolin expanded its quartz sand markets geographically to become the main supplier of this product on the territory of Serbia, Bosnia, Herzegovina and Macedonia, and is actively developing its markets in Croatia, Slovenia and Hungary.

From 2004 to 2006 Kaolin incorporated ‘Kaolin Endustriel Mineraler’ (Turkey), ‘Kaolin Mineral’ (Romania), ‘Promineral’ (Ukraine), and ‘Kaolin Azov’ (Ukraine). Through its subsidiaries Kaolin strives to expand its business and to develop its production activities in these countries.