International Internet Magazine. Baltic States news & analytics
Friday, 30.09.2016, 23:19
The core assets of the insolvent KVV Liepajas Metalurgs metallurgy company should be sold as a whole, the company’s insolvency administrator Guntars Koris said LETA.
Keyword tags: Baltic States – CIS, Industry, Latvia, Markets and Companies, Metals Market
Litana, Lithuania's group of metal structure design and construction, is expanding its operations in Sweden and intends to launch production of stainless steel, according to Verslo Zinios daily informations reports LETA/BNS.
KVV Group will turn to an international court over insolvency proceedings started against the metallurgical company KVV Liepajas Metalurgs, as KVV Group's press secretary Natalya Napadovkaya told LETA.
The court in Liepaja, south-western Latvia, on June 30 decided to start a legal protection proceeding in respect of the financially troubled KVV Liepajas Metalurgs metallurgical company, court spokeswoman Velga Luka told LETA.
An insolvency claim has been filed against financially troubled KVV Liepajas Metalurgs metallurgical company with the court in Liepaja, south-western Latvia, reports LETA, according to the information published on the website of the Insolvency Administration.
Elme Metall, a subsidiary of the Estonian industrial group BLRT Grupp, opened on June 17th a new logistics, metalworking and service center in Maardu, which cost slightly more than five million euros to build, informs LETA/BNS.
Umega, a Lithuanian-capital metal processing company, has purchased Walter Th. Hennecke German metal processor for an unnamed sum, informs LETA/BNS.