Ukraine: court launches bankruptcy procedure for Heavy Metal plant

On March 3, the Commercial Court of Kyiv launched bankruptcy procedure for the Heavy Metal plant in Pershotravensk, Mykolaiv region, which produced rolled metal with polymer coating. The bankruptcy was initiated by Nordicsteel LLC from Kamyanets-Podilskiy after the majority shareholder Tetyana Taruta decided to shut down the enterprise and appointed new management. Nordicsteel is owned…