"Liepajas metalurgs" resumes export to U.S.
The Liepaja Economic Zone^apostrofs;s joint-stock "Liepajas metalurgs" (Liepaja Metallurgical Company) has resumed export of production to the U.S. following the anti-dumping process, LETA was informed by "Liepajas metalurgs" President Valerijs Terentjevs.
The Liepaja Economic Zone's joint-stock "Liepajas metalurgs" (Liepaja Metallurgical Company) has resumed export of production to the U.S. following the anti-dumping process, LETA was informed by "Liepajas metalurgs" President Valerijs Terentjevs.
On July 12, the first portion of 20,000 tons of steel armature was shipped from the Liepaja port to the United States.
The company has launched manufacturing for the U.S. market. The company already concluded two contracts for retail of its production in the U.S. Both cooperation partners cooperated with "Liepajas metalurgs" already before the anti-dumping process.
Terentjevs told LETA that production will be sold in small amounts in the U.S. for the time being but declined to name exact figures pointing out that "Liepajas metalurgs" would gradually and cautiously return to the U.S. market respecting requirements set there.
"We want business negotiations with the U.S. partners and will make all efforts to make them stable," Trentjevs said.
"Liepajas metalurgs" will resume export of its production to U.S. with the customs duty rate - 17.2 percent which was applied to the company following the anti-dumping process.
"Liepajas metalurgs" also plans to launch sales on new markets this year. This spring, exports were launched to Scandinavian countries.
"Liepajas metalurgs" sales in Europe this year will not change much by comparison with 2001. An agreement has been reached with Europe's metallurgical companies that "Liepajas metalurgs" can market more than 100,000 tons of its products in Europe. Certification process will continue, so that the company could expand its operations in Europe.
This year, "Liepajas metalurgs" plans on LVL 1,780,904 in profit this year, compared to LVL 429,851 in 2001.
Dace Kārkla LETA
Copyright © LETA
On July 12, the first portion of 20,000 tons of steel armature was shipped from the Liepaja port to the United States.
The company has launched manufacturing for the U.S. market. The company already concluded two contracts for retail of its production in the U.S. Both cooperation partners cooperated with "Liepajas metalurgs" already before the anti-dumping process.
Terentjevs told LETA that production will be sold in small amounts in the U.S. for the time being but declined to name exact figures pointing out that "Liepajas metalurgs" would gradually and cautiously return to the U.S. market respecting requirements set there.
"We want business negotiations with the U.S. partners and will make all efforts to make them stable," Trentjevs said.
"Liepajas metalurgs" will resume export of its production to U.S. with the customs duty rate - 17.2 percent which was applied to the company following the anti-dumping process.
"Liepajas metalurgs" also plans to launch sales on new markets this year. This spring, exports were launched to Scandinavian countries.
"Liepajas metalurgs" sales in Europe this year will not change much by comparison with 2001. An agreement has been reached with Europe's metallurgical companies that "Liepajas metalurgs" can market more than 100,000 tons of its products in Europe. Certification process will continue, so that the company could expand its operations in Europe.
This year, "Liepajas metalurgs" plans on LVL 1,780,904 in profit this year, compared to LVL 429,851 in 2001.
Dace Kārkla LETA
Copyright © LETA
