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LME: The production was stopped temporarily

Spekuliantai.lt | 2013-04-11 | NASDAQ OMX biržų naujienos | perskaitė: 1067
Raktiniai žodžiai: Liepajas metalurgs, LME
LME: The production was stopped temporarily

Liepajas metalurgs Company Announcement 11.04.2013

The production was stopped temporarily

Liepaja, 2013-04-11 13:40 CEST (GLOBE NEWSWIRE) -- Due to decrease of the
production volume in February, March and April of this year related to shortage
of the orders for the concrete reinforcing bars and continuation of the crisis
tendencies, the production process of JSC “Liepajas Metalurgs” is taking place
with interruptions defined by the market situation. For the work personnel the
work payments is provided in accordance with the legislation of the Republic of
Latvia.

Taking into consideration that – within the boundaries of the economic planning
– the products are produced only for specific orders, there is no accumulation
of the finished products, the plant is operating not in the continuous
production cycle as it was until February this year but according to a defined
production schedule which is determined on a weekly basis.

Taking into consideration the market situation with the supply of raw materials
and that the present orders are executed Joint Stock Company “Liepajas
Metalurgs” temporarily stopped the production on 10.04.2013 till 15.04.2013
when the execution of orders will be resumed.


Līga Šenfelde
Assistant of chief Economist
63455926, [email protected]

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