Metals Market

International Internet Magazine. Baltic States news & analytics Thursday, 24.07.2014, 05:10

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Mayor: 5-6 investors showing serious interest in Liepajas metalurgs

Mayor: 5-6 investors showing serious interest in Liepajas metalurgs

15.07.2014

In an interview on Rietumu radio today, Liepaja Mayor Uldis Sesks said that active talks are currently taking place with potential buyers for the financially troubled metallurgical company Liepajas metalurgs, and that ''five, six investors are showing serious interest'', writes LETA.

Keyword tags: Baltic States – CIS, EU – Baltic States, Investments, Latvia, Markets and Companies, Metals Market



Majority former Liepajas metalurgs workers still unemployed

Majority former Liepajas metalurgs workers still unemployed

04.07.2014

A majority of former employees of the now defunct metallurgical company Liepajas metalurgs remain unemployed, the director of the State Employment Agency Inese Kalvane told the LNT television channel this morning, informs LETA.

Silmet Group saw profits fall by more than half in 2013

Silmet Group saw profits fall by more than half in 2013

27.06.2014

Estonian Silmet Group earned 4.2 million euros in profits in 2013, writes LETA/Postimees Online.


Sale of Liepajas osta LM shares announced

Sale of Liepajas osta LM shares announced

20.06.2014

An official statement about the sale of shares of Liepajas osta LM, a subsidiary of the defunct metallurgical company Liepajas metalurgs, was printed in the government's official newspaper Latvijas Vestnesis today, cites LETA/Nozare.lv.

Liepajas metalurgs receives 10 non-binding offers

Liepajas metalurgs receives 10 non-binding offers

17.06.2014

The defunct metallurgical giant Liepajas metalurgs has received ten non-binding offers from its potential investors, as the company's insolvency administrator, Haralds Velmers, informed the business portal Nozare.lv, cites LETA.

13.06.2014

Deadline for Liepajas metalurgs potential investors to submit their offers

Today is the final date when Liepajas metalurgs' potential investors can submit their offers, informs LETA/Nozare.lv.

12.06.2014

Liepajas osta LM suffered losses of EUR 5.2 mon in 2013

The subsidiary company Liepajas osta LM, which is owned by the now-defunct Liepajas metalurgs, in 2013 suffered losses in the amount of EUR 5,198,408, according to information provided by Firmas.lv, cites LETA/Nozare.lv.

09.06.2014

Liepajas metalurgs production equipment in good shape

On June 6th, the testing process of Liepajas metalurgs production equipment was successfully concluded. After several years of work stoppage and the winter period, the electric steel melting furnace and rolling-mill were activated in order to test their functionality, informs LETA/Nozare.lv.

05.06.2014

Liepajas metalurgs creditor claims amount reaches EUR 200.163 mln

Creditors' claims against the defunct Liepajas metalurgs have amounted to EUR 200.163 million, the company's insolvency administrator Haralds Velmers informed the business portal Nozare.lv, reports LETA.

28.05.2014

Court launches legal protection proceedings for Liepajas osta LM

Liepaja Court yesterday launched legal protection proceedings for Liepaja Special Economic Zone company Liepajas osta LM, informs LETA/Nozare.lv.

22.05.2014

Liepajas metalurgs bankruptcy – the greatest economic disaster since Parex collapse

The bankruptcy of the joint-stock metallurgical company Liepajas metalurgs is the greatest economic disaster to strike Latvia since the collapse of Parex Bank, Lato Lapsa, representative of the publishing house "Baltic Screen" and the co-author of a book about the company and its demise, said during a presentation of the book yesterday, reports LETA.

15.05.2014

Severstallat increased turnover by 16% in 2013

Joint-stock steelworks company Severstallat increased turnover by 16 percent last year to EUR 198.37 million, informs LETA/Nozare.lv, referring to Firmas.lv.

30.04.2014

Liepajas osta LM shares will not be sold at auction

Haralds Velmers, insolvency administrator for the joint-stock metallurgical company Liepajas metalurgs, has notified the company's creditors about alterations in the company's sale strategy, according to which the company Liepajas osta LM (Liepaja Port LM) will not be sold at auction, reports LETA/Nozare.lv.

28.04.2014

Liepajas osta LM could request legal protection process to be started

It is possible that joint-stock company Liepajas osta LM, a subsidiary of the insolvent metallurgical company Liepajas metalurgs, could request a legal protection process to be started so the company could sort out its financial problems, as Liepajas metalurgs insolvency administrator Haralds Velmers told the Nozare.lv business portal, informs LETA.

14.04.2014

Over 1,200 former Liepajas metalurgs employees still without work

Out of the 1,336 former employees of Liepajas metalurgs who have registered as unemployed at the State Employment Agency, only 103 have managed to find a new job, LETA found out from the State Employment Agency.

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