Steel manufacturer Stegra needs at least another 10 billion kronor to complete the investment in a factory in Boden, according to the newspaper Affärsvärlden, citing two independent sources.
BusinessStegra declined to say when the factory outside Boden is expected to start producing steel. The production plan, already postponed, is under review. "We will provide a timetable when we are able to do so," the company's press manager, Karin Hallstan, says.
BusinessThe steel company Stegra's capital-raising effort is approaching a critical final stage. Investors are meeting today, according to Dagens Industri. However, there will be no state funding, the Minister of Finance says.
BusinessSteel company Stegra will run out of money within weeks and is now targeting new investors, Bloomberg reports, citing sources.
BusinessThe CFO of the financially strained steel group Stegra, Otto Gernandt, is resigning. He will be replaced by Markus Holm, Stegra said in a press release.
BusinessThe steel group Stegra is said to owe several contractors hundreds of millions of kronor, according to information provided to SVT Norrbotten.
BusinessA total of 19 employees will be forced to leave the country after a joint agency inspection at the financially strained steel company Stegra, police say.
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