Owner & President of the Board of Directors of Chimcomplex
Bursa Newspaper – Industrialist of the Year 2022 Excellence Award
Forbes 500 Business Award 2022 for Courage in business
Industry Personality of 2021 award at the Forbes Personality of the Year Gala
Entrepreneur of 2021 at Capital Performers of the Year Gala
Excellence Award for Courage to Make the Biggest Investment in Romanian Chemistry 2021 by Romanian Academy and Media Uno Group
Ștefan Vuza founded his own company 30 years ago and has become step by step the best-performing industrialist in Romania.
In 2008, the SCR Group belonging to Mr. Stefan Vuza consisted of 17 factories, where 12,000 employees worked. Between 2008 and 2014, the SCR Group’s business plan increased 10-fold.
At the international level, Mr. Vuza has distinguished himself by the creation of the Romanian Chemical Company (CRC) – a regional integrated chemical company, as in the major industrialized countries of Europe.
This project began in 2003, with the acquisition of the Chimcomplex Borzești plant, which he saved from bankruptcy and where he made investments of over 250 million euros in the first three years, followed by another 285 million euros in the next 10 years.
Mr. Vuza’s strategy also aimed at acquiring Oltchim, which was the core of the Romanian Chemical Company.
In December 2018, Mr. Ștefan Vuza managed, by contracting an international loan of 164 million euros, to acquire Oltchim’s assets. He thus saved this company from bankruptcy on the last hundred meters. The financial transaction was spectacular, Mr. Vuza managed to convince a consortium of banks to finance it, namely VTB and Credit Suisse/Argentum Netherlands BV, although Chimcomplex had an annual turnover of 50 million euros, with a normal profit rate in chemistry of 10% and a profit of 5 million euros per year.
Through the acquisition of Oltchim, Chimcomplex consolidated its position as a chemical producer and formed the nucleus of the new chemical plant in Romania, around which 10 companies are currently gravitating.
In 2019 all loans were repaid as a result of the synergies between the 2 industrial platforms. This was a significant step for Chimcomplex and marked a new era for the company. It was the culmination of meticulous and focused efforts over two and a half years to reshape the company.
Currently, Mr. Stefan Vuza focuses on innovation and visionary projects to achieve the Green Deal, such as technologies that absorb CO2, the construction of the first trigeneration plant in Europe, and becoming the largest green hydrogen producer in Europe with over 10,000 tons, etc.
The financial performances recorded by Chimcomplex in the last 3 years are unique, as follows:
- In 2021 Chimcomplex stocks registered on The Bucharest Stock Exchange the largest increase in history, with 1450%. It was the largest increase on all European and international stock exchanges.
- The turnover has doubled
- Net profit increased by over 510% in 2021 compared to 2020.