The issues of the functioning of the Caspian float glass plant

August 6, Deputy Prime Minister RD Gasan Idrisov held a meeting, which was attended by Minister of Industry, Trade and Investment RD Umavov Yusuf, Chairman of the Board of Directors of JSC "Caspian float glass plant" Oleg Lipatov and others.

Issues of the smooth functioning of large-scale modern enterprise, as well as key areas of cooperation with public authorities. Among other things, addressed a number of aspects of infrastructure support KZLS necessary resources.

According to Oleg Lipatov, now Caspian float glass plant operates at full capacity; no tax arrears and wages attracted experts working in the usual format. Plan sales for July of the current year made 103%. The company has a weekly supply of raw materials, supplies of which are carried out to the extent necessary.

At the same time there is the problem of repayment of loans VNESHECONOMBANK. Since the loans were issued in foreign currency (euros, dollars), against the backdrop of a sharp depreciation of the ruble amount of loans in ruble terms increased significantly. In accordance with current legislation the plant is obliged to announce the introduction of financial recovery procedure, which was done. Such a move will allow for the transfer of obligations to KZLS exchange for ruble loans and determine the fate of VEB as a whole. As noted, the decision should be made by agreement of both parties concerned.

However, the question is about the enterprise and other creditors, including to ensure its ongoing activities, so the procedure must be public, and all the information about its performance - posted on the website of the company. This production activity of the plant will be carried out normally.

Oleg Lipatov said, and appeared in a number of media reports, though, the forthcoming bankruptcy of the Caspian float glass plant. "The procedure of financial improvement is provided by the Federal Law of October 26, 2002 № 127-FZ" On Insolvency (Bankruptcy) ", so some media considered bankrupt factory. Currently, according to the aforementioned law, measures are taken to financial recovery and bankruptcy in the sense that they understand the term, there can be no question, "- said Oleg Lipatov.