MECHEL
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African Industries Wants To Buy Mechel’s Former Plants In Romania Before Kicking Off EUR200M Investment
Indian industrial group African Industries plans to invest EUR200 million in a 500,000-ton steel plant in Oltenita (southern Romania), but first it wants to see the outcome of negotiations for the acquisition of Russian Mechel’s former steel plants in Romania,...
India’s African Industries Wants To Buy Mechel’s Former Steel Plants In Romania
Indian African Industries Group, the largest producer of rebar in West Africa, said it is interested in taking over Mechel’s former steel plants in Romania, which are currently insolvent.
Romania’s Steel Consumption Down 40%, Despite Dire Need For Infrastructure
Despite Romania needing infrastructure, roads, bridges, schools and hospitals, steel consumption has declined significantly in the past few years and continues to do so, according to industr...
Mechel Campia Turzii 1Q Loss Narrows But Revenue Sinks
Romanian steel company Mechel Campia Turzii (INSI.RO) Friday reported its first-quarter net loss stood at 18.8 million lei (EUR4.3 million), versus RON22.8 million in the year-earlier period...
New Owner Expects EBITDA Break-even From Mechel's Former Plants In Targoviste, Buzau
Bucharest-based Invest Nikarom, the new owner of Mechel’s former steel plants in Romania, expects the two units in Targoviste and Buzau to post zero EBITDA (earnings before interest, tax, de...
Ponta: Romania May Ask Russian Mechel For VAT Refund
Prime Minister Victor Ponta said the Romanian Government may submit a request for value added tax refund to Russia’s steel giant Mechel and will impose tougher sanctions on private investors...
Mechel Targoviste Downsizes Staff Within Reorganization Plan
Romanian steel maker Mechel Targoviste (COS.RO), which has recently entered insolvency, Friday said it has approved a new organizational chart and will lay off 512 employees.
Vosganian: Two Of Mechel’s Former Steel Plants To Resume Production In March
Bucharest-based Invest Nikarom, the new owner of Mechel’s former steel plants in Romania, plans to restart production at two of the four facilities in March, Economy Ministry Varujan Vosgani...
5,000 Jobs In Mechel Plants Depend On A Firm With A EUR350,000 Turnover
The four plants formerly controlled by Russia’s Mechel in Romania, which last year had a turnover of half a billion euros, have ended up in the hands of a small firm registered in Bucharest,...