China Aluminium Network
Bosnia Aluminij foundry upgrade to boost output
Edited by : AL CIRCLE
1 min read
Bosnia's sole aluminium smelter, Aluminij Mostar, said on Wednesday it would purchase a new melting and casting furnace in January to upgrade its foundry and boost annual output by an additional 50,000 tonnes.
Aluminij will turn to lenders to buy the furnace from the Austrian company Hertwich Engineering GmbH, while the world's top commodities trader Glencore International will provide the banking guarantees, Aluminij Mostar spokesman Darko Juka told Reuters.
Juka said the foundry line upgrade would be completed by the end of 2012.
The smelter said last week that its exports in the first half of 2011 increased by 23.2 percent compared to the same period last year to 240 million marka.
Aluminij will turn to lenders to buy the furnace from the Austrian company Hertwich Engineering GmbH, while the world's top commodities trader Glencore International will provide the banking guarantees, Aluminij Mostar spokesman Darko Juka told Reuters.
Juka said the foundry line upgrade would be completed by the end of 2012.
The smelter said last week that its exports in the first half of 2011 increased by 23.2 percent compared to the same period last year to 240 million marka.
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