BELGRADE (Serbia), October 28 (SeeNews) – Slovenian company Impol plans to invest 7 million euro ($7.8 million) in Serbian blue-chip aluminium rolling mill Impol Seval [BEL:IMPL] in 2019, the managing director of Impol Seval, Ninko Tesic, has said.
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)
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