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Dec 13, 2019 17:56 EEST
December 13 (SeeNews) - Montenegrin port operator Luka Bar [MNG:LUBA] plans to invest 5 million euro ($5.6 million) in the procurement of machinery to improve cargo handling technologies, it said.
The company has already selected the supplier of four electric forklift trucks with load capacity of tonnes each, while the procurement of three tractors with three tipper semi-trailers and three tanker semi-trailers is in the final stage, Luka Bar said in a statement on Thursday.
Luka Bar is currently evaluating tenders following a public call for the delivery of a 25-tonne payloader and has recently invited bids for the procurement of four forklifts with a capacity of three tonnes.
The deadline for the submission of bids in the tender will expire on December 30, Luka Bar said.
Luka Bar has also invested 91,170 euro in the construction of a multi-purpose warehouse for the storage of bulk.
The company swung to a net profit of 274,000 euro in the first nine months of 2019 from a 4.1 million euro loss in the like period of last year.
($ = 0.8978 euro)
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