Ukraine: ZALK sued for $39 million
Judson Trading (Cyprus) asked Commercial court of the Zaporozhye region to recover $39.15 million from the only Ukrainian primary aluminum manufacturer Zaporozhye Aluminum Works (ZALK).
Judson Trading (Cyprus) asked Commercial court of the Zaporozhye region to recover $39.15 million from the only Ukrainian primary aluminum manufacturer Zaporozhye Aluminum Works (ZALK).
Rusal president Oleg Deripaska said he hoped for the political decision in matters with Western sanctions and situation in Ukraine.
Rusal is going to sell the surplus stock of the Zaporozhye Aluminum Works (ZALK) to compensate for the current expenses to keep the company operating.
Management of Zaporozhye Aluminum Works (ZALK) plans to disassemble wire rod shop, said Oleg Lyashko, the leader of the Radical Party of Ukraine.
In 2014 Zaporozhye Aluminum Works (ZALK) received 1971.97 million UAH of losses.
RUSAL has stopped aluminum rolled wire manufacture at the Zaporozhye Aluminum Works (ZALK) due to the absence of demand. RUSAL owns the only aluminum works in Ukraine, where high electricity prices halted aluminum manufacture in 2011. Now the works produces rolled wire. The capacities of the works are 20 thousand tons of aluminum rolled wire…