Rostov Electrometallurgical Works LLC has been declared bankrupt.
The claims to the company amount to 10.4 billion rubles.
REMZ is one of the largest metal companies in the Rostov region. Its capacity is 730 thousand tons of steel and 530 thousand tons of bars per year. Revenue in 2017 totaled 1.09 billion rubles, and net loss – 4.9 billion rubles.
In 2016 the works received 8 billion rubles of revenue. (Ukrainian metal)