Impol to invest 7 mln euro in Serbian aluminium mill Impol Seval in 2019

Impol has invested about 4 million euro in the aluminium plant in the first nine months of 2019, Tesic said in a video file posted on the website of Serbian news agency Tanjug last week. 

"We have invested a total of 107 million euro in the company since the privatisation," Tesic added.

In October 2002, the Serbian government sold a 70% stake in Impol Seval to Slovenia's Impol for a total of $6.5 million. Back then, the Slovenian investor assumed the obligation to invest 14.6 million euro in production facilities.

Impol Seval recorded a net profit of 377.6 million dinars ($3.6 million/3.2 million euro) in the first half of 2019, down from 396.6 million dinars in the like period of last year.

($ = 0.901578 euro)