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Monday, 25.07.2016, 18:52
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.
Keyword tags: Financial Services, Latvia, Legislation, Markets and Companies, Metals Market
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.
The administration of Liepaja Special Economic Zone (SEZ) intends to terminate two land lease agreements with KVV Liepajas Metalurgs metallurgical company over non-payment of rental, Liepaja SEZ reported LETA.
Marsalis Metall, the company that acquired the facilities of the Loksa Laevatehas shipbuilding plant in the Estonian North Coast town of Loksa in March 2016 and started manufacturing operations there at the end of May, is planning to hire up to 300 workers, the regional newspaper Harju Elu said, cites LETA/BNS.
Finland's stainless steel giant Outokumpu is set to open a multifunctional business services center in Vilnius, Invest Lithuania said on May 25th, cites LETA/BNS.