"Severstallat" plans on doubling its sales this year
Russia and the European Union have agreed on raising the steel supply quota in the EU for this year, therefore the joint-stock metallurgical company "Severstallat" will be able to get additional quotas for rolled metal, 119,000 tons overall, newspaper "Biznes^amp;Baltija" writes today.
Russia and the European Union have agreed on raising the steel supply quota in the EU for this year, therefore the joint-stock metallurgical company "Severstallat" will be able to get additional quotas for rolled metal, 119,000 tons overall, newspaper "Biznes&Baltija" writes today.
It is expected that the higher supply quota in European states will enable the company to double sales and raise turnover, which stood at LVL 33 million in 2003.
The agreement stipulates raising tax-exempted supplies of rolled metal by 438,200 tons in Europe. According to the newspaper, the Russian companies "Stalnaya gruppa "Mechel" and "Severstal" achieved that EU quotas will be raised for their companies in Latvia and Lithuania - "Nemunas" and "Severstallat".
Russia's total exports to Russia can amount to 1.8 million tons in 2004.
Thanks to active work of the Latvian Ministry of Economy in Brussels, the agreement, so important to "Severstallat", has been signed two months earlier than it would be if regular procedure was followed, "Severstallat" communications manager Andris Milgravis told LETA.
Steel quotas until now were based on the EU member states' historical consumption, the quotas would be full in the enlarged Europe already in August, threatening "Severstallat's" liabilities, Migravis said.
"We had been hoping for additional supplies and included the provision in our budget," "Severstallat" director general Aleksejs Gogunovs told the newspaper.
"Severstallat's" sales in 2003 amounted to 150,000 tons of various articles. So far this year, the company's sales have already reached 180,000 tons. If the prospective 119,000 tons are added to this figure, then the company's sales will increase 100 percent this year, Gogunovs said.
It is expected that the higher supply quota in European states will enable the company to double sales and raise turnover, which stood at LVL 33 million in 2003.
The agreement stipulates raising tax-exempted supplies of rolled metal by 438,200 tons in Europe. According to the newspaper, the Russian companies "Stalnaya gruppa "Mechel" and "Severstal" achieved that EU quotas will be raised for their companies in Latvia and Lithuania - "Nemunas" and "Severstallat".
Russia's total exports to Russia can amount to 1.8 million tons in 2004.
Thanks to active work of the Latvian Ministry of Economy in Brussels, the agreement, so important to "Severstallat", has been signed two months earlier than it would be if regular procedure was followed, "Severstallat" communications manager Andris Milgravis told LETA.
Steel quotas until now were based on the EU member states' historical consumption, the quotas would be full in the enlarged Europe already in August, threatening "Severstallat's" liabilities, Migravis said.
"We had been hoping for additional supplies and included the provision in our budget," "Severstallat" director general Aleksejs Gogunovs told the newspaper.
"Severstallat's" sales in 2003 amounted to 150,000 tons of various articles. So far this year, the company's sales have already reached 180,000 tons. If the prospective 119,000 tons are added to this figure, then the company's sales will increase 100 percent this year, Gogunovs said.
