International Internet Magazine. Baltic States news & analytics
Saturday, 04.02.2012, 06:52
Invalda sells Umega's shares
13.01.2012Invalda, one of the largest investment companies in Lithuania, sells Umega's shares, Invalda reports to NASDAQ OMX Vilnius.
Keyword tags: Investments, Lithuania, Markets and Companies, Metals Market
BLRT Grupp bought the Finnish company AB Eirosteel
10.01.2012Estonian BLRT Grupp bought the Finnish company AB Eirosteel OY, which will work in cooperation wit Elme Metall, LETA/Postimees Online reports.
Invalda signs sale agreement regarding shares of Umega
02.12.2011Invalda, one of the largest investment companies in Lithuania, has signed the agreement regarding sale of 29.5% stake in the metal processing company Umega, Invalda informs.
Tiit Vähi received “bubble” shares for Silmet
29.11.2011Former Estonian prime minister, now businessman Tiit Vähi sold his stake in the rare earths plant Silmet to U.S. bourse company Molycorp during the peak of the so-called share price bubble and by now the shares have lost a half of their price, LETA/Postimees writes.
Molycorp's third-quarter profit and sales under estimates because of the diversion of some output to Estonia
14.11.2011U.S. rare earths producer Molycorp posted third-quarter profit and revenue that missed analysts' estimates after sales volumes were less than it had forecast, Bloomberg/LETA reports.
Molycorp becomes sole owner of Silmet
U.S. rare earths producer Molycorp announced on Monday that it acquired the last 10% of Tiit Vähi’s company Silmet Grupp, LETA/Postimees Online reports.
Kuusakoski starts producing bio-fuel
Estonian scrap metal handler AS Kuusakoski expanded to the market of renewable energy, launching production of bio-fuel and waste based fuel in Paldiski, LETA/Postimees Online reports.
Sillamäe may become the keeper of Europe’s strategic metal reserves
The European Union is considering locating a rare metals security storage facility in the North East Estonian Sillamäe free zone, LETA/Eesti Päevaleht writes.
Liepajas metalurgs’s modernization process drawing to close
Metallurgical company Liepajas metalurgs’s melt shop modernization process is drawing to a close, progressing in accordance with the planned implementation schedule, the company's statement to NASDAQ OMX Riga says.
Liepajas metalurgs first half profit at LVL 2.2 million
The joint-stock metallurgical company Liepajas metalurgs posted LVL 2.2 million in profit in the first six months of 2011, according to the company's financial report to the Riga Stock Exchange.
Liepajas metalurgs first half profit at LVL 2.2 million
The joint-stock metallurgical company Liepajas metalurgs posted LVL 2.2 million in profit in the first six months of 2011, according to the company's financial report to the Riga Stock Exchange.
Invalda asks permission to buy Umega
Invalda, one of the largest investment companies in Lithuania, asks permission of the Competition Council to acquire up to 100% of a metal processing company Umega, Invalda said.
Every fifth Lithuanian industrial plant to suffer from Belarus devaluation
Every fifth Lithuanian industrial company will face damages due to the currency devaluation in Belarus, analyst with the Lithuanian Confederation of Industrialists Aleksandras Izgorodinas said. The most vulnerable sectors include the food and the metals industries.
Krasainie lejumi turnover grew by 44.4%; losses at LVL 945,044 in 2010
The joint-stock metal producer and trader Krasainie lejumi achieved LVL 31.87 million in turnover in 2010, which is 44.4% more than in 2009, when the company's turnover reached LVL 22.07 million, according to Lursoft data from the Register of Enterprises. Krasainie lejumi operated with LVL 945,044 in losses in 2010.
Severstallat turnover grew by 53% in Q1
In the first quarter of 2011, the metalworking company Severstallat achieved LVL 37 million in consolidated turnover, a 53% increase on the first three months of 2010, as Severstallat’s representative, Olga Nesterova, informed the business information portal Nozare.lv.
The europact: outcomes for the Baltic States 
