Bosnia’s ATT buys metal processing factory in Germany

ATT plans to relocate the complete production of the acquired factory to a new factory currently under construction in the Batuski Lug business zone in Gornji Vakuf, central Bosnia, the company said in a statement published on Facebook on Monday.

The construction of the new plant is expected to be completed in May, with production scheduled to start in June. Following the acquisition and the upcoming opening of the new plant, ATT is seeking to hire 25 employees.

Thanks to this expansion, the company will be able to start production for one of the largest carmakers, ATT’s CEO Adnan Telalovic told Bosnian business portal BiznisInfo.ba.

Currently the company has existing facilities of some 7,000 square metres and thanks to the new investment the area will be enlarged to 9,000 sq m.

By the time this story was published, the company had not replied to an email from SeeNews seeking details about the acquisition.

(1 euro = 1.95583 marka)