Reuters Africa
Bosnia's Aluminij Mostar exports up 23 pct in H1
Edited by : AL CIRCLE
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Bosnia's sole aluminium smelter Aluminij Mostar increased exports in the first half of 2011 by 23.2 percent on a year earlier to 240 million Bosnian marka ($170 million), its general manager said on Friday.
"The plan for exports in the second half of this year is about the same as the results from the first half, and I am certain it is going to be fulfilled," Ivo Bradvica told the magazine InfoKom, published by the Foreign Trade Chamber.
Bradvica said Bosnia's second-largest exporter, based in the southern town of Mostar, was expected to swing to a profit for the year from last year's loss of 13.4 million marka in 2010.
Bradvica said Aluminij had practically completed the process of cutting its 900-strong workforce by 10 percent through early retirement and other measures.
Bradvica had told Reuters earlier that he expected Aluminij to produce a record 128,500 tonnes of primary aluminium this year, after the company returned to full capacity in late 2010. In 2009, it was forced to cut output by a quarter after the global economic crisis slashed demand for the metal. ($1=1.417 Bosnian marka)
"The plan for exports in the second half of this year is about the same as the results from the first half, and I am certain it is going to be fulfilled," Ivo Bradvica told the magazine InfoKom, published by the Foreign Trade Chamber.
Bradvica said Bosnia's second-largest exporter, based in the southern town of Mostar, was expected to swing to a profit for the year from last year's loss of 13.4 million marka in 2010.
Bradvica said Aluminij had practically completed the process of cutting its 900-strong workforce by 10 percent through early retirement and other measures.
Bradvica had told Reuters earlier that he expected Aluminij to produce a record 128,500 tonnes of primary aluminium this year, after the company returned to full capacity in late 2010. In 2009, it was forced to cut output by a quarter after the global economic crisis slashed demand for the metal. ($1=1.417 Bosnian marka)
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