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Tolaram faces foggy future

Oct 07, 1999
By Benjamin Smith

RIGA - One of the great successes of Latvian privatization filed for bankruptcy Sept. 29, illustrating just how tricky the road to a market economy will be for some of the biggest companies left over from the Latvian Soviet Socialist Republic.Tolaram Fibers, which operates the gigantic Dauteks textile plant in the eastern city of Daugavpils, passed into the hands of an administrator appointed by the Latgale district court last week, more than two months after the factory announced a "month-long" ...

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