Far East | Industry, manufacturing | Finance, business

RF considers bailing out Amurmetal

26 Mar '09
The RF government is considering providing support for Amurmetal, the largest rolled metal producer in Russias far east, sources in the RF government said today.

The company is large enough for the entire city of Komsomolsk-on-Amur in Khabarovsk region to be dependent on it, the report said.

The final decision will reportedly be made later in the year.

Amurmetal may receive government guarantees for loans and other support measures, government officials said.

The company that employs 6,400 people and the financial crissi has seen demand for its products fall.
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