VKG buys bankruptcy property of Silbet Plokk
Juhan Tere, BC, Tallinn
Viru Keemia Grupp (VKG) bought the production complex of construction materials producer Silbet Plokk in North Estonian Kohta-Järve for 615,000 euros, LETA/National Broadcasting reports.
Silbet Plokk went bankrupt in summer 2010. It produced construction blocks from oil shale ashes. VKG intends to restart the production.
VKG’s board chairman Priit Rohumaa said that the company gets a factory with modern production lines that can utilise a major part of waste that emerges in processing oil shale into construction material. TCVKG aims to find a synergy between the two production complexes and recreate nearly 200 jobs for the region. VKG produces shale oil and heating and electric energy. It has over 1,600 employees.