Bosnian smelter proposes government to abolish import tax on unalloyed aluminium

Bosnian aluminium smelter Aluminij on Monday, February 6, proclaimed that the company has proposed to the 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 company said, "Currently, no one is importing unalloyed aluminium so funds are not being raised. If the state were to abolish its customs duty on this material, Aluminij could be the engine of economic development in Bosnia."

According to company, Aluminij smelter could melt 25,000 tonnes of unalloyed aluminium per year utilizing fuel gas substituting electricity. With the implementation of this, Bosnian aluminium smelter will raise its production output by 30 per cent as well as secure the state extra $50 million in exports.

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Recently, Bosnian aluminium smelter Aluminij has signed an electricity supply deal with Bosnian state-controlled power utility Elektroprivreda BiH (EPBiH) for 2017.

Aluminij is based in Mostar, in the Federation, one of the two autonomous entities that form Bosnia and Herzegovina. The government of Bosnia's Federation owns 44% of Aluminij and the Croatian government holds a stake of 12%.