Tag Archives: Krasnodar Metal Structures Works

Russia: Krasnodar Metal Structures Works goes bankrupt

The Arbitrary court of Krasnodar region has declared the Krasnodar Metal Structures Works bankrupt and has imposed bankruptcy proceedings for 6 months. The bankruptcy was initiated by SMK-Retail LLC, which claimed 1.36 billion rubles. In 2011 the works borrowed 1.17 billion rubles for modernization from Sberbank. The works was unable to pay, and the bank…

Russia: bankruptcy procedure starts at KZMK

The Arbitrary court of the Krasnodar region has started a bankruptcy procedure at the Krasnodar Metal Structures Works. The case was initiated by SBK-Retail claiming the recovery of 1.4 billion rubles. In 2011 KZMK borrowed 1.2 billion rubles from Sberbank to finance modernization. Later the bank sold its rights to SBK-Retail. In 2017 KZMK revenue…