Ekonom:east Media Group
"Aluminij" D.D. Mostar concludes contract worth 6 mln Euros
Edited by : AL CIRCLE
2 min read
Representatives of “Aluminj “d.d. Mostar company signed with Austrian company Hertwich Engineering Contract for the implementation of the project to modernize the remaining part of the production process in its "Foundry".
According to the statement issued by the Public Relations Office of "Aluminij" d.d. Mostar, the contract is worth six million euros, and is intended for the purchase and installation of casting furnaces with capacity of 50 tons and a new line of small casting alloy ingots, weighing 6-8 kg, for which there is an exceptional need at the metal market.
Improving of production in the foundry in Mostar, which the world's leading experts include among the six most modern in the world, is a part of the Work Plan of "Aluminj" for the current year, in which emphasis is placed on investment in new projects using other people's resources under more favorable conditions.
"The Austrian company Hertwich Engineering is among the world's leading manufacturers of casting furnaces and ovens for the homogenization of the line for the horizontal casting and ingot casting line. It is the most modern equipment on the market, and the project will be completed by December next year, so we shall start commercial production of ingots of European standards even in January 2013, "said executive director for technical operations and development of " Aluminj” Mostar , Željko Boras.
"Shaken by recession, 'Aluminium' was not been able to independently take out this project, so we signed a contract with our longtime partner Swiss Glencore, which sees its exceptional interest in this project.
Satisfied with the achieved, Executive Director for Economic and Financial Affairs of "Aluminij" company ,Mladen Galic ,said that thanks to Glencore "Aluminum" in Zurich concluded a deal with a new partner, the Swedish company Scandinavian Steel AB, from which it will buy 1,800 tons of silicon in the course of 2012, by 17 percent less than the price which the "Aluminum" used to pay for the raw material.
According to the statement issued by the Public Relations Office of "Aluminij" d.d. Mostar, the contract is worth six million euros, and is intended for the purchase and installation of casting furnaces with capacity of 50 tons and a new line of small casting alloy ingots, weighing 6-8 kg, for which there is an exceptional need at the metal market.
Improving of production in the foundry in Mostar, which the world's leading experts include among the six most modern in the world, is a part of the Work Plan of "Aluminj" for the current year, in which emphasis is placed on investment in new projects using other people's resources under more favorable conditions.
"The Austrian company Hertwich Engineering is among the world's leading manufacturers of casting furnaces and ovens for the homogenization of the line for the horizontal casting and ingot casting line. It is the most modern equipment on the market, and the project will be completed by December next year, so we shall start commercial production of ingots of European standards even in January 2013, "said executive director for technical operations and development of " Aluminj” Mostar , Željko Boras.
"Shaken by recession, 'Aluminium' was not been able to independently take out this project, so we signed a contract with our longtime partner Swiss Glencore, which sees its exceptional interest in this project.
Satisfied with the achieved, Executive Director for Economic and Financial Affairs of "Aluminij" company ,Mladen Galic ,said that thanks to Glencore "Aluminum" in Zurich concluded a deal with a new partner, the Swedish company Scandinavian Steel AB, from which it will buy 1,800 tons of silicon in the course of 2012, by 17 percent less than the price which the "Aluminum" used to pay for the raw material.
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