International Internet Magazine. Baltic States news & analytics
Sunday, 19.04.2015, 04:05
A former shareholder at Liepajas metalurgs Kirovs Lipmans, whose bid to buy the company was turned down, doubts whether the company's current owner KVV Group will be able to successfully resume production at the plant, informs LETA.
Keyword tags: Baltic States – CIS, Latvia, Legislation, Markets and Companies, Metals Market
In 2014, Severstal Distribution consolidated turnover increased 11% as compared with 2013, regardless of the negative dynamics of steel production prices and thanks to the company's growing sales volume, Severstal Distribution spokeswoman Olga Nesterova informed LETA.
KVV Liepajas metalurgs steel melting furnaces will begin production in April, the company's CEO Igor Kovalenko said during today's opening event at the plant, informs LETA.
The joint-stock metallurgical company KVV Liepajas metalurgs, which was bought by Ukraine's KVV Group in October 2014, has produced first batch of steel bars – 5,000 tons; the company is planning to export them to Algeria in March, as the KVV Liepajas metalurgs board member Igor Kovalenko told LETA.
Joint-stock metallurgical company KVV Liepajas metalurgs has not yet fully resumed operations, however, the company already employs 550 workers, Liepaja Mayor Uldis Sesks (Liepaja Party) said in an interview with the Latvian Television show "Rita panorama" today, reports LETA.
On February 13th 2015, joint-stock KVV Liepajas metalurgs began operating its rolling mill in test mode, the company's board member Igors Kovalenko informed LETA.
Next week, KVV Liepajas metalurgs rolling mill will start operating in test mode, the company's board member Igors Kovalenko informed LETA.