In difficulty, the Rosier de Moustier company is waiting for a “fortifier”

49 million losses

Last March, in a press release, Rosier referred to the consequences of the war in Ukraine (triggered a fortnight earlier) on its activities: a significant increase in the prices of raw materials (nitrates, phosphates and potassium) and energy costs with as a consequence an increase in production and logistics costs; a lack of availability of raw materials; the suspension of Rosier’s supplies from Russia and Belarus, which accounted for approximately 18% of the total quantities consumed in fiscal year 2021; a significant decline in Rosier’s backlog; the blocking of product deliveries to major Ukrainian customers (10% of Rosier’s turnover in 2021), etc. During the past year already, the company’s losses had doubled, reaching 49 million euros.

“We have no contact…”

At the beginning of June, our colleagues from “L’Echo” recalled that at the start of the year, the main shareholder, the Austrian Borealis (77.5%), had proposed a rescue plan providing for the conversion into new shares of a large part debt (55 million euros) while the chemical group would provide a line of financing of 15 million euros to its Belgian subsidiary. At the last extraordinary meeting on June 16, Borealis had its recovery plan approved. Following the capital increase, Borealis AG will therefore hold 98.09% of the capital of Rosier SA. A public takeover bid on the Frasnoise plant would mean an exit from the Rosier stock market. There is more and more talk of a resale…

The mayor of Frasnes-lez-Anvaing Carine de Saint-Martin replied, disappointed, to the socialist representative; ” I understand your approach, but we have no contact, no element. It’s pure private! “

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