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Thursday, 29.01.2015, 20:20
It is said that KVV Liepajas metalurgs will employ no more than 1,300-1,400 people. The plant's rolling mill will begin to operate in February, the electric steel melting furnace – in March, the company's board member Igors Kovalenko told the press representatives today, cites LETA.
Keyword tags: Employment, Energy, Good for Business, Latvia, Markets and Companies, Metals Market
As part of the distribution network of the Severstal Russian Steel division development program, all its five companies will now be called Severstal Distribution, Severstallat spokeswoman Olga Nesterova informed LETA.
Liepaja metallurgical company Liepajas metalurgs will not resume production in 2014 after all, the Latvian Television show "Panorama" reported last night, cites LETA.
Creditors of the now-defunct Liepajas metalurgs have signed all necessary documents allowing KVV Liepajas metalurgs to take over the company's assets, KVV Group spokeswoman Inese Ozolina told newspaper "Kurzemes Vards", cites LETA.
The new owner of Liepajas metalurgs – Ukrainian company KVV Group, has cleared its first payment in the acquisition process – EUR 20.5 million, Liepajas metalurgs insolvency administrator Haralds Velmers told LETA on November 14th.
The process of takeover of the insolvent Liepajas metalurgs is still in progress, however, the new owners at KVV Group hope to resume Liepajas metalurgs operations by the end of the year, co-owner of KVV Group Yevgeny Kazmin said at a press conference, reports LETA.
Liepaja City Council Chairman Uldis Sesks (Liepaja Party) hopes that Liepajas metalurgs will resume operations already in December 2014, informs LETA.