Abraham Group and Aluminij Mostar sign a lease agreement for the facility

M.T. Abraham Group, Aluminij Industries d.o.o. and Aluminij d.d. Mostar have signed a lease agreement for the Mostar based company in Bosnia and Herzegovina.

The Chinese-Israeli consortium announced: “The Abraham Group and its partners will start executing the strategic plan as stated in the agreement between the parties, all to make certain that Mostar based Aluminium smelter start operating in due time.”

Amir G. Kabiri, President of M.T. Abraham Group and Director of Aluminij Industries d.o.o. said: “From the beginning of the negotiation process, I did not doubt that we would reach a mutual agreement. Starting tomorrow, we must concentrate on implementing our strategic plan to restart the manufacturing process.”

Director of M.T. Abraham Group, Isaac M. Tami, added that he would do everything to make Mostar Aluminij a stable company again.

Isaac M. Tami in a statement said: “Due to the current turmoil in the world economy, it is most important for us to show confidence in the Aluminij plant, as well as our deep commitment to our long-term goals. We will do everything we can to create a stable company that will meet the challenges of the market and we intend to become a major player in the global aluminium industry.”