Food Industry News

Sanctions against Russia brought to bankruptcy Grāvendāle

Court Zemgale Riga 7 November announced a meat processing plant Grāvendāle insolvent. Administrator appointed naplatezhesposobnosti Raivis Tauriņš, DELFI reference to LETA.

Case of Insolvency was initiated in October 19.

The lawsuit filed farm Baldone Čokas edge.

Owner Janice Čokas Gauja said that Grāvendāle not pay for the delivered products. The amount of debt he did not name. 5 September, the process of legal protection Grāvendāle. process plan does not meet the requirements of the insolvency law.

Earlier in the year 2014, the claim for insolvency Grāvendāle already supplied but has not been considered, since the company paid the plaintiff - the management of the Riga thought government revenues - a debt of EUR 20 000.

Last year Grāvendāle losses amounted to one million euros, compared with a profit of 21 600 euros a year earlier, while turnover fell from 3,27 2013 million euros in the year to € 2,56 million last year.

The fall of financial performance is due to the loss of the Russian market.

Grāvendāle produced sausages, pâtés and smoked products. It worked 83 rights. The owners of the enterprise are Grigory Bure and Inna Edidovich.

See also ... 11 / 10 / 2016 Latvian Ardeks meat processing plant declared bankrupt22 / 01 / 2014 Rubeņi will stop production due to EU03 / 11 / 2016 requirements Finnish HKScan marks a decline in Baltic turnover26 / 06 / 2013 / not horse meat30 / 01 / 2014 Latvian smoked products want to save the status of a national product14 / 05 / 2014 Ķekava revives a chain of butcher shops08 / 07 / 2013 Gazenergostroy introduced into the Latvian meat processing market12 / 11nume2013nume06numXnumXnumXnumXnumeX Rēzeknes gaļas kom bināts for the production of horse meat sausages03 / 2013 / 11 The Danes bought the Jekabpils meat factory01 / 2016 / 17 The Poles delivered to Latvia beef with 04% horse meat2013 / 87 / 20 / 04 / 2015 Belarus cuts pork exports by almost six times05 / 03 / 2013 Belarus to discuss beef supplies with Russia

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