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Slovenia's Impol strikes 40 mln euro deal with BMW – report

Slovenia's Impol strikes 40 mln euro deal with BMW – report Source: Impol Seval

LJUBLJANA (Slovenia), May 28 (SeeNews) – Slovenian aluminium products manufacturer Impol Group has reached a 40 million euro ($44.8 million) deal with German car maker BMW for the supply aluminium rods for the bodyworks of new electric and plug-in hybrid vehicles for at least five years, Slovenian media reported.

Impol will build a new production facility spanning 3,000 square metres in the eastern town of Slovenska Bistrica to meet its commitments under the deal, news agency STA reported on Monday.

The cost of the new production facility is estimated at 6.5 million euro, of which around 4 million euro will be spent on new equipment. Production is expected to start at the end of 2020 or in early 2021.

Impol has also launched a new production line worth 6.5 million euro at its Croatian unit, Impol-TLM, Croatian media reported earlier this month. The new production line started work on April 8. The new manufacturing facility will produce aluminum sheets for the automotive and aerospace industries, thus helping strengthen the positions of the Croatian company on the automobile market and enhancing its entry in the aviation sector, news daily Poslovni Dnevnik reported.

($ = 0.89295 euro)