A Russian steel company has filed lawsuits demanding that GAZ Group makes payment for rolled stock supplies.


Magnitogorsk Iron and Steel Works, or MMK, has filed lawsuits that are scheduled to be heard in court on March 11, Prime-Tass reported.


MMK stopped supplies to GAZ in October 2008, shortly after GAZ Group started delaying payments to suppliers.


Russia’s Novolipetsk Steel, or NLMK, stopped supplies to GAZ Group in November 2008 and is also preparing a lawsuit against the automaker, a representative of the company told business daily Vedomosti. According to the report GAZ Group owes 1 billion roubles to NLMK – the same figure is reportedly owed to MMK.


GAZ Group also owes Russian automaker Sollers for engine supplies, but the parties are trying to settle the debt out of court, a representative of Sollers told Vedomosti.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.