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Concern for Ichor. Photo by Vladimir Ivanovo (V)
Axis Power, a construction company owned by Grupo Icor, intends to close this year. The decision was made after the group decided to abandon loss-making activities.
Giedrius Barcys, director of Mons Axis Power, says that the projects are currently being finalized and that the creditors will be fully liquidated.
We are finalizing projects, liquidating accounts with creditors and the company will emerge from bankruptcy in the near future, says BNS G. Barcys. According to him, the company has no information that any of the borrowers cannot reach an agreement with it.
Mr. Barcys assures that no further Icor company formation is being considered under his leadership.
The Axis Power manager notes that the decision about our future was made before the Office of Public Procurement attracted an unreliable supplier to Axis Power as a former Lazdyn Basin contractor.
Municipality of Vilnius in 2020 at the beginning of the year 21.8 million were arrested. Eur is worth a contract with the bankrupt construction company Active Construction Management (formerly Irdaiva) and its partners Fitter, Mitnija, HSC Baltic and Axis Power, if the contractors refuse to continue the work.
The Attorney General’s Office has launched a pre-trial investigation for possible fraud, embezzlement, misuse and forgery during the construction of the Lazdyn Basin.
The fact that Axis Power’s business volume is being reduced to a minimum is also indicated in the 2019 financial report submitted to the Registr Center. 2019 Axis Power had 174 employees at the beginning of the year, but now, according to Sodra, the rest.
2019 Axis Power’s revenue more than doubled to $ 9.78 million. EUR, and the net loss amounted to 2.6 million euros. EUR. Axis Power also ran at a loss in 2018.
The company develops energy projects and other complex construction and special purpose electricity and technology projects.
The Icor Group is indirectly managed by Andrius Janukonis, Gintautas Jaugielaviius and Linas Samuolis through companies in Lithuania and Estonia.
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