Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

ISD continues to control Alchevsk steel mill and Alchevskkoks in uncontrolled territory

Steel News - Published on Mon, 04 Dec 2017

Interfax reported that Industrial Union of Donbas Corporation is currently controlling its production assets in Alchevsk, Luhansk region, namely Alchevsk Iron and Steel Works, Alchevsk Coke Chemical Plant and PJSC Ecoenergy, located in the temporarily uncontrolled territory of Ukraine.

The company reported that "Due to different interpretations of ISD Corporation's statement made on November 29, 2017, we believe it is necessary to clarify that the statement was made solely in the context of existence of a high risk of losing control but not the actual loss of control over the production assets in Alchevsk. As of November 30, 2017, in spite of various external factors, ISD Corporation, its shareholders and management continue to control their production assets in Alchevsk. ISD Corporation will inform about the further development of events.”

As reported, on November 29 Industrial Union of Donbas Corporation officially reported on a significant risk of losing effective control over the production assets (industrial sites and office premises in Alchevsk, Luhansk region), including PJSC Alchevsk Iron and Steel Works, PJSC Alchevsk Coke Chemical Plant (Alchevskkoks) and PJSC Ecoenergy, which together constitute a significant part of the ISD Group business.

Source :

Posted By : Ratan Singh on Mon, 04 Dec 2017
Related News from Steel segment