02.12.2008, 16:42
NKMZ Suspended Fulfillment of Steel Producers’ Orders
OREANDA-NEWS On 02 December was announced, that NKMZ, one of the leaders of Ukrainian heavy engineering suspended the fulfillment of orders for Ukrainian companies by November 21 because of their inability to pay for equipment or cancellation of orders. This statement was made by press service of the enterprise. The list of entities whose orders were suspended includes Azovstal < AZST UZ STRONG BUY >, Zaporizhstal < ZPST UZ UR >, Poltava OMEP < PGOK UZ UR >, etc. The statement also said that NKMZ will cut in half its export to Russia. Company warehouses are full with products with total worth of UAH 700mn, manufactured according to the contracts for which payments are past overdue.
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