Ukraine: Rusal to sell ZALK surplus stock
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.
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…