Aluminij to raise production after abolition of import tax on unalloyed aluminium
Bosnian aluminium smelter Aluminij on Friday, December 29, said that the company expects an increase in aluminium production following the abolition of import tax on unalloyed aluminium, according to Reuters report.
This year, Aluminij will boost annual production by 15% to 184,000 tonnes and raise exports by $55 million. The company expects to smelt 24,000 tonnes of unalloyed aluminium. Bosnian aluminium smelter produces 130,000 tonnes of primary aluminium annually and 30,000 tonnes of alloyed ingots.
The company had asked state-level government to put an end to the import tax on unalloyed aluminium in order to reduce cost of production and boost productivity.
The government of Bosnia's Federation owns 44% of Aluminij, small shareholders own another 44% and the Croatian government holds 12%.
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