Court opens case upon Dontsement bankruptcy, Ukraine

Court opens case upon Dontsement bankruptcy, Ukraine
Published: 01 September 2008

Donetsk regional business court has opened a case upon bankruptcy of a large Ukrainian cement producer Dontsement, Donetsk region.
The court said this in the report.
The court was launched the bankruptcy procedure on July 15.
Vasyl Bilozir has been appointed as the asset manager.
The moratorium for satisfaction of creditors’ demands was introduced on July 15.
The claims are accepted until September 29.
As Ukrainian News earlier reported, in May, Dontsement joined one of the five largest Ukrainian cement producers Kryvyi Rih Cement, Dnipropetrovsk region.
Dontsement has six cement furnaces and produces about 2Mt of cement a year.
In December 2005, HeidelbergСement company, Germany, purchased Dontsement from Ukraine investment company via its Dutch branch CBR Portland B.V.
Dontsement ended 2007 with a net profit of UAH 201.21m.