ASW Holding to restart productions
The production of ASW Holding, forced into receivership on July 10, 2002 stopped last week due to shortage of raw material required for the electric arc furnaces . The administrative receivers of ASW expressed that the production has restarted on July 16 and is expected to continue until the annual holiday which starts on July 26. KMPG stated that this period will allow them time for seeking buyers. According to reports there are one or more Italian companies among the potential buyers for Sheerness and at least one UK based trader for Cardiff.