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Friday, 06.12.2013, 13:27
Joint-stock steelworks company Severstallat consolidated sales in the first nine months of the year increased 19% from the same period in 2012, whereas the company's earnings before interest, taxes, depreciation and amortization increased 22% to a total of USD 9.7 million (LVL 4.99 million), Severstallat representative Olga Nesterova told Nozare.lv, cites LETA.
Keyword tags: Baltic Export, Good for Business, Latvia, Markets and Companies, Metals Market
With a turnover of LVL 305.23 million, the joint-stock metallurgical company Liepajas metalurgs was the leader in Latvia's metallurgical and mechanical engineering industry last year, according to the Latvian Business Report 2013 collated by Firmas.lv and Nozare.lv, writes LETA.
The insolvent joint-stock metallurgical company Liepajas metalurgs will most likely not be sold at auction, instead, an international tender will be organized, Liepajas metalurgs insolvency administrator Haralds Velmers said in an interview on "Rietumu Radio" today, cites LETA/Nozare.lv.
The insolvent joint-stock metallurgical company Liepajas metalurgs suffered LVL 28.3 million in consolidated losses in January-September 2013, according to the company's announcement at the NASDAQ OMX Riga stock exchange, informs Nozare.lv/LETA.
The mass layoffs at the financially troubled Latvian metallurgical company Liepajas metalurgs have almost concluded. As of Wednesday night, 1,030 former Liepajas metalurgs workers have registered as unemployed at the State Employment Agency (SEA), LETA was informed by the head of the SEA's branch in Liepaja Dace Baumane.
Since the first batch of layoffs at financially troubled metallurgical company Liepajas metalurgs were started last week, 600 company workers have been laid-off, LETA was informed by head of the company's trade union Janis Grava.
Secured creditors of the joint-stock metallurgical company Liepajas metalurgs are prepared to further invest in the company's maintenance during the insolvency process, as the State Treasury's head Kaspars Abolins told reporters yesterday, cites LETA/Nozare.lv.
The Russian company Afina Pallada has renewed talks about possible acquisition of the insolvent Latvian metallurgical company Liepajas metalurgs, Afina Pallada authorized representative in Latvia, Sergey Pisarchuk, told Nozare.lv, LETA cites.
The price of the financially troubled metallurgical company Liepajas metalurgs was too high during the legal protection process, a Russian investor who has inquired about the company told Liepaja Mayor Uldis Sesks, informs LETA/Nozare.lv.
During this winter season, the main challenge for the joint-stock metallurgical company Liepajas metalurgs will be to ensure the maintenance of the company's equipment, so that it would be in running order if and when the company resumes production, the company's chief engineer Egils Kupsis told members of the press yesterday, cites LETA/Nozare.lv.
From tomorrow, employees of the financially troubled metallurgical company Liepajas metalurgs will begin to be laid-off, with approximately 1,500 factory workers expected to go within the coming month, Liepajas metalurgs legal protection administrator Haralds Velmers told members of the press today, cites LETA/Nozare.lv.
Twenty families, where one of the members is working at the ailing metallurgical company Liepajas metalurgs or has recently left it, have already received aid from the Liepaja Social Service, Liepaja Social Service Director Iveta Bartkevica told Rietumu Radio today, informs LETA.
Now that the insolvency process against Liepajas metalurgs has been launched, full responsibility for the company rests on its administrator's conscience, as Liepajas metalurgs shareholder Kirovs Lipmans points out in a statement to the mass media, cites LETA/Nozare.lv.
The Liepaja Court has launched insolvency process against the financially-troubled metallurgical company Liepajas metalurgs, the court's representative Inta Kurpa informed LETA.
1,907 workers are still under contract at the troubled Liepajas metalurgs company, but in the past couple of weeks the number who plans on quitting soon has climbed, Rietumu Radio was told by LM Personnel Dept. Director Atis Deksnis, cites LETA.