Article: Interfax Poland Business Daily.(Company overview)

COMPANY NEWS

Russian-Latvian co. takes over steel plant in Poland, sees EUR 20 mln in extra investment by 2011

SOSNOWIEC. MAY 12. INTERFAX CENTRAL EUROPE - Severstallat, a joint venture of Russian steel company Severstal and Latvian Felix Holding, took over assets of bankrupt Polish firm Technologie Buczek for EUR 15 mln and plans to invest a further EUR 20 mln within three years in the plant, said Anatoly Kruchinin, chief executive of Severstal Russian Steel.

"We bought the company for EUR 15 mln and within three years we want to invest a further 20 mln euro," Kruchinin told a press conference on Monday.

Severstallat inaugurated the ...

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