Ukraine: Siemens litigating with Alchevsk
Siemens Ukraine has asked the Lugansk region Court to exact 10.88 million UAH of debt from Alchevsk Iron and Steel Works.
Siemens Ukraine has asked the Lugansk region Court to exact 10.88 million UAH of debt from Alchevsk Iron and Steel Works.
The Lugansk region Court of appeals has left without changes the writ of the Lisichansk court to enforce the execution of the London International Arbitrary Court writ. The latter presupposes the exaction of $57.2 million of debts and 0.28 GBP of court fees from Alchevsk Iron and Steel Works in favor of Reachcom (Cyprus).
Alchevsk Iron and Steel Works has put its blast furnace #3 into operation after the overhaul. Thus the company now operates 2 blast furnaces – 3 and 5.
In January-October Alchevsk Iron and Steel Works, controlled by the Industrial Union of Donbass, produced 301 thousand tons of rolled metal, down by 86.9% YoY.
Alchevsk Iron and Steel Works owes 300 million UAH for electricity consumed.
Ukraine started restoring power transmission lines that connect Lugansk and Uglegorsk thermal power stations to the state energy system. The repairs could be over in 2 months.
The largest metal-mining company of Ukraine Metinvest renewed its iron ore supplies to Alchevsk Iron and Steel Works after it was relaunched in June.
Alchevsk Iron and Steel Works, a part of the Industrial Union of Donbass, has put its second blast furnace into operation.