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EUR 35-million deal signed on building plant within aluminium smelter in Mostar

MOSTAR, June 27 (Hina) - Managers of the Mostar-based Aluminium Smelter and DaimlerChrysler and Outokump companies on Tuesday signed a EUR 35-million agreement on the construction of a new plant for electrolyses in that southern city in Bosnia-Herzegovina.
MOSTAR, June 27 (Hina) - Managers of the Mostar-based Aluminium Smelter and DaimlerChrysler and Outokump companies on Tuesday signed a EUR 35-million agreement on the construction of a new plant for electrolyses in that southern city in Bosnia-Herzegovina.

DaimlerChrysler and Outokump have been strategic partners of the smelter, which is the biggest Bosnian exporter, for a decade.

The new plant will create new jobs and help increase exports, all of which is necessary for Bosnia to make headway, the CEO of the smelter, Mijo Brajkovic, said after the signing ceremony.

The new plant will increase the annual production of anodes by 12,000 tonnes to 132,000 tonnes.

The German insurance company Hermes has given loan collateral to the Mostar smelter.

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