Slovenian chemicals processor Cinkarna Celje (CICJ.LJ) , which is set for privatisation, expects its margins to narrow in 2015, cutting net profit to 8.3 million euros from an expected 12.1 million this year, it said on Wednesday.

 

It said sales next year were expected to rise by 14 percent to 177.2 million euros and exports were seen at 153.5 million euros, up by 15 percent.

 

Cinkarna, which produces and markets titanium dioxide pigment, is one of 15 companies that the previous government has set for privatisation. It is due to be sold in 2015.

 

The state and state firms control about 52 percent of Cinkarna. State investment fund SDH, which is coordinating the privatisation, said last week some non-binding bidders were invited to conduct due diligence before submitting binding bids for 70.8 percent of the company.

 

SDH gave no details on the bidders and did not reveal the deadline for submitting binding bids.