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Moravia Metal is trying into the opportunity of working some Liberty Ostrava operations

The state of affairs at Liberty Ostrava, 17 June 2024. | Video: Radek Luksza

“The corporate has a few years of expertise in working a pipe mill in its personal operation of the Pipe Rolling Mill in Ostrava-Vítkovice. And it has the enter materials to begin operations,” stated a spokeswoman for the Moravia Metal firm.

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Billionaire Tomáš Chrenko’s Moravia Metal Group primarily consists of firms centered on iron metallurgy, metalworking, engineering manufacturing and commerce in associated merchandise. The group contains greater than 20 firms, the important thing firm being Třinecké železárny. The group additionally contains, for instance, ŽDB Drátovna, MSV Metallic Studénka, Shroubárna Kyjov or Kovárna VIVA.

The pinnacle of the KOVO Commerce Union, Roman Ďurčo, stated on Thursday that the restoration of at the very least secondary manufacturing would return to work roughly 2,000 staff, Liberty Ostrava has roughly 5,000 of them, the vast majority of whom have been at house since final December.

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Authorities representatives acknowledged that its aim is to search out an investor for Liberty Ostrava who will keep a part of the manufacturing and maintain a big a part of the staff on the smelter. Nonetheless, after Thursday’s assembly with the unions, Finance Minister Zbyněk Stanjura (ODS) informed journalists that no investor had submitted a suggestion to take over the principle a part of the smelter’s operation. In keeping with him, the federal government has thus far registered just one provide for the operation of secondary manufacturing. Whereas major manufacturing contains the manufacturing of metal, in secondary manufacturing different merchandise are made within the firm from uncooked materials.

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The minister acknowledged that the state of affairs was considerably difficult by earlier court docket moratoriums, throughout which the corporate’s issues worsened, which subsequently weakened the curiosity of a possible investor. In keeping with Stanjura, the state will need to restrict the rights of the present proprietor of the metal mills within the insolvency proceedings, which since 2019 has been the Liberty Metal Group from the GFG Alliance concern of the British businessman Sanjeev Gupta.

Ďurčo stated on Thursday that he has spoken with two potential buyers, however their curiosity is rising colder.

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