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KKCG prolongs PILSEN STEEL’s financing

10. 05. 2013

An investment group KKCG secured today another 70 mil. Czech crowns to provide financing of PILSEN STEEL’s production. PILSEN STEEL continues with production, delivers purchased goods to customers in time and gets another orders. „Production goes on in the factory in a standard way. Currently we continue intensively with preparation of plan of reorganisation which will be the last step to successful ending of insolvency proceeding. Court approved prolongation of terms to provide the plan of reorganisation of 120 days that we need for its’ successful ending,” says Tomáš Egermajer, an authorized Chief Executive Officer in PILSEN STEEL.

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