Giovedì, 18 Ottobre 2018
TARANTO

ILVA says it may soon have to close Taranto site

English
© ANSA

Taranto, November 21 - Embattled Italian steel
maker ILVA on Wednesday said that unless authorities release
from confiscation the company's plant in this southern Italian
city, the site will close.
"The obviously unsustainable economical-financial [mode] of
operations will inevitably lead to the definitive closure of
productive activities and to the closure of the plant," Ilva
officials said in a statement.
The plant has been closed since July following a Taranto
court's order to impound the smelting areas in order to
safeguard people and the environment.
Local authorities ordered the close while legal proceedings
continue against the company and its managers for generating
toxic emissions that caused disease and death.
On November 20 lawyers for the company filed a plea with
Taranto prosecutors asking the court to lift the partial
shut-down orders.
ILVA's request follows the Italian environment minister's
approval of the company's new remediation plan, a detailed set
of conditions and measures under which ILVA would be permitted
to operate, called the AIA.
ILVA's lawyers argue the company needs control of the
impounded areas in order to execute the approved AIA remediation
plan.
Their request says it is impossible to perform the
necessary work on the smelting areas without access to them, and
that banks will not finance a company with impounded assets,
sources told ANSA.

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