International Internet Magazine. Baltic States news & analytics
Saturday, 24.08.2019, 17:13
- Latvia’s Severstal Distribution metalworking group generated EUR 415.437 in consolidated turnover in 2017, which was a 45 percent increase against a year before, while the group’s profit doubled to EUR 19.393 mln, according to information available at Firmas.lv, reports LETA.
Keyword tags: EU – Baltic States, Good for Business, Industry, Latvia, Markets and Companies, Metals Market
Lithuanian officials say that the US decision to impose tariffs on EU steel and aluminum imports is very disappointing, but does not mean a trade war, informs LETA/BNS.
Dutch metal processing company Focus Fabrication Group plans to build a 3,800 square meter metal processing plant in the Lithuanian port of Klaipeda by the middle of 2019, the Verslo Zinios business daily writes, cites LETA/BNS.
The British Steel consortium has repeatedly voiced a wish to purchase Latvia’s insolvent KVV Liepajas Metalurgs steelworks as a whole, according to a letter written by British Steel at the disposal of LETA.
An attempt to sell insolvent KVV Liepajas Metalurgs company’s electric steel casting plant along with its equipment failed today as the auction drew no bidders, the company’s insolvency administrator Vita Dika told LETA.
Russian billionaire Dmitry Gerasimenko, the owner of metallurgic plant Red October in Volgograd, might have acquired the rolling mill equipment of Latvia’s insolvent steel company KVV Liepajas Metalurgs, the evening news program of LNT commercial TV channel reported yesterday, informs LETA.
A district court in the southwestern Latvian city of Liepaja today removed Guntars Koris as insolvency administrator of KVV Liepaja Metalurgs steel company, the court’s representative Velga Luka told LETA.