Kamet privatization halts on insolvency case
The privatization of
Bulgaria's Kamet steel plant based in Pernik cannot proceed because the company failed to implement its recovery plan, a decision by the
Bulgaria's state receivables collection agency states.
The plant was sold to Greek steel group Viohalco's TeProStil in December 2004.
The 372'000 m2 Kamet plant produces rolled steel, pressed and wrought products, hot pressed and cold-drawn guide rails for lift
construction, hollow sections, round and square wrought products. Its press shop has a capacity of 4'000 t/year, and its forge shop can produce 18'000 t/year. The plant also has a Danielli line.