Russia: Ulan-Udestalmost cut from grid

The electricity supplier Chitaenergosbyt has cut the manufacturing premises of Ulan-Udestalmost from electric grid because of the debt in the amount of 41 million rubles. Only the boiler house of the enterprise receives the electricity, as it provides the nearby city districts with heating. This year the company intends to produce some 9.8 thousand tons…

Belarus: Kronospan to invest over EUR 10 million in expanding metal structures production in FEZ Mogilev

The Austrian holding company Kronospan will invest over EUR 10 million in expanding the production of metal structures in the free economic zone (FEZ) Mogilev in 2018, Kronospan representatives reported. IOOO Kronospan OSB is a resident company in FEZ Mogilev. It specializes in making oriented strand boards for civil engineering and furniture industry. The available…

Russia: Saratov Works declared insolvent

Saratov Works of Reservoir Metal Structures has been declared insolvent. During the supervisory procedure, which has lasted since the beginning of the year, the insolvency officer has analyzed the company financial activity and decided that it will be impossible to restore solvency, as debts reach 1.26 billion rubles. The works was created in 1947 as…