Liepājas metalurgs may resume production in February 2018, said potentially insolvent KVV Liepājas metalurgs’ investor, Israel-based businessman Igor Shamis. “In the next two, three months, we could do all we need to restart the steel melting furnace,” said Shamis. His partner in the deal is the experienced Swiss steel trader Trasteel Trading Holding. The company’s…
The insolvent KVV Liepajas metalurgs could be sold in parts in case a new investor is not found. According to the minister of economy Arvil Asheradens, one potential investor has been selected who wants to test the arc furnace. The tests are planned to be complete on December 19, after that the investor will decide…
The Russian businessman Igor Shamis could become a new owner of KVV Liepajas metalurgs. He wanted to acquire the works back in 2014, but lost to the Ukrainian KVV Group. The Latvian Privatization Agency chairman Vladimir Loginov confirmed that the Cabinet of Ministers would decide on the new owner in October. Last week a new…
Talks with potential buyers of the insolvent KVV Liepājas metalurgs will conclude at the end of August, says representative of the company’s insolvency administrator Dzintars Hmielevskis. Information published in the insolvency registry states that a clarified KVV Liepājas metalurgs property sales plan has been submitted. The company’s insolvency process administrator Guntars Koris has extended the…
In 2016 KVV Liepajas metalurgs received 26.145 million euro of net losses, up from 8.366 million in 2015. The company income was 14.163 million euro against 69.356 million euro in 2015. The company stopped manufacture in 2013. In 2014 it was sold to Ukrainian investors, who resumed operation in 2015. But in September 2016 the…