International Internet Magazine. Baltic States news & analytics
Monday, 06.07.2015, 21:03
Joint-stock metallurgical company KVV Liepajas metalurgs has paid its gas bills on time, according to Latvijas Gaze spokesman Vinsents Makaris, reported LETA.
Keyword tags: Baltic, Business, Industrial Parks, Latvia, Markets and Companies, Metals Market
In the spring of 2015, "KVV Liepajas metalurgs" had signed an agreement with only one scrap metal supplier - "Tolmets", however, the moment the prices went up, "Tolmets" found it more beneficial to sell scrap metal abroad, which is why the metallurgical plant now plans on signing agreements with any supplier, "KVV Liepajas metalurgs" co-owner Valery Krishtal said in an interview, reports LETA.
Ahead of the acquisition deal of the metallurgical plant Liepajas metalurgs in 2014, the Ukrainian investor KVV Group received inaccurate information that has affected the actual costs of production, KVV Liepajas metalurgs co-owner Valery Krishtal said in an interview with LETA.
Latvenergo has warned KVV Liepajas metalurgs about cutting off power to the company if it fails to pay its electricity bill by June 15th 2015, Latvenergo informed LETA. The sane warning came from Latvijas gaze.
KVV Liepajas metalurgs has prepared two business plans to keep the company running, and they will be submitted to the government at the end of June or beginning of July, KVV Liepajas metalurgs co-owner Valery Krishtal told LETA.
KVV Liepajas metalurgs administrative staff currently consists of 230 people, however, the company's owners plan to reduce their number, KVV Liepajas metalurgs co-owner Valery Krishtal informed LETA.
Joint-stock metallurgical company KVV Liepajas metalurgs is delaying payments to energy supplier Latvenergo and gas supplier Latvijas Gaze, LETA found out from both companies.