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"Liepajas metalurgs" resumes primary production

 VENTSPILS, April 15 - Today, the financially troubled metallurgical company "Liepajas metalurgs" resumed primary production, which was halted on April 11, the company's spokeswoman Saimona Laiveniece informed LETA.
A
lthough "Liepajas metalurgs" has resumed production, its further plans remain unclear. It is possible that the company will have to halt production again, explained Laiveniece.
"Liepajas metalurgs" will decide on the company's further plans tomorrow.

As reported, "Liepajas metalurgs" could be running at 30 percent capacity in April, "Liepajas metalurgs" CEO Valerijs Terentjevs told reporters after a meeting with Liepaja City Council members last week.

According to "Ernst&Young" audit report, "Liepajas metalurgs" is on the verge of insolvency. Depending on various circumstances, "Liepajas metalurgs" will be short LVL 96.1 million at the end of 2013, says the report.
leta.lv
15-04-2013
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