NORDEN announce plans to acquire the THORCO PROJECTS business
Today, we can announce that NORDEN has entered into an agreement to acquire our shipping business, THORCO PROJECTS. Read more, including the official press release, here.
It is with great excitement that we today post our 2021 annual results for the entire THORNICO Group. Despite the continuing impact of the global COVID-19 pandemic and challenging market conditions across industries, THORNICO comes out with historical earnings and revenue records for 2021.
Christian Nicholas Stadil, CEO and owner, THORNICO:
“2021 has in many ways been an extreme year with COVID-19 influencing various markets especially in Q1, as well as with substantial rising commodity and energy prices in Q3 and Q4. However, our conglomerate structure, with risk diversification across various industries, markets and product groups, has once again shown its relevance." (...)
Thor Stadil, Chairman of the Board, THORNICO:
“The biggest revenue driver in 2021 has been our shipping company THORCO PROJECTS, which with its new asset-light business model has been incredibly skilled at taking advantage of the unique market situation in the world. The challenges that other companies in the THORNICO Group experiences regarding cargo, THORCO PROJECTS manages to make a profit from." (...)
Today, we can announce that NORDEN has entered into an agreement to acquire our shipping business, THORCO PROJECTS. Read more, including the official press release, here.
Our CEO and owner Christian Stadil was officially appointed as the honorary consul of Bhutan with a Buddhist ceremony at the Bhutanese embassy in Brussels.
Before you leave us for the holiday, please take a minute to watch the THORNICO winter greetings where our CEO and owner, Christian Stadil, is wrapping up 2022 in the THORNICO Group.