Wednesday, June 15, 2016

DSS applies for reorganization – Västerbotten Courier

Duroc Special Steel (DSS), which is included in Durockoncernen and has some 60 employees, applied for corporate restructuring at Luleå District Court.

The crisis DSS leads to Duroc AB write down the value of the shares of DSS from five million to zero and receivables is reduced to zero, the parent writes in a press release. There is also reported that DSS has problems with profitability in the business of processing of sheet metal.

According to the parent company can DSS alone does not pay its debts and “the conditions for continued operation is unclear.”

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