LJUBLJANA (Slovenia), February 19 (SeeNews) – A Ljubljana court has launched bankruptcy proceedings against Slovenian steel castings manufacturer Litostroj Steel upon request of the company, local media reported.
The proceedings were launched following two compulsory settlement processes and after the company has sold out most of its assets, state news agency STA reported on Tuesday.
The court appointed Blazo Poljanski as bankruptcy manager and called on creditors to submit their claims against the company, also known as Litostroj Jeklo, by May 18, the report said.
Litostroj Steel is a unit of Litostroj Group manufacturing steel castings for gas, hydro and steam turbines. The Group has two more units - Litostroj Ravne, specialising in industrial hydraulic and mechanical presses for sheet metal, and Litostroj Potisje, a producer of heavy machine tools.