Commenting on the article published in newspaper “Dienas bizness” on 10.04.2013 Joint Stock Company “Liepajas Metalurgs” informs that in the first quarter of 2013 the production of steel products was executed with 73% and rolled products was executed with 75% loading of the production capacities. In April 2013 the steel and rolled production is planned at the rate of 30% loading.

Joint Stock Company “Liepajas Metalurgs” also confirms the fact that number of employees are planned to be reduced by 8 - 10%. At this moment all the departments of the company are to work out proposals as for reduction of the staff number.

The scheming as mentioned in the media can not take place because law “On The Value Added Tax” foresees that the VAT on goods sold to European Union is 0%. The law on VAT also stipulates that the same rate is applicable in the cases when the goods are sold to third countries.

Due to the crisis in the civil construction sector all over Europe and the relating low demand, the product prices of Joint Stock Company “Liepajas Metalurgs” are below the product actual production cost.

Līga Šenfelde
Assistant of chief Economist
63455926, shenfelde@metalurgs.lv