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SISAK, Dec 2 (Hina) - Sisak Ironworks and Slovakia's Kosice
Ironworks signed a letter of intent on Tuesday under which the
Slovakian company would invest $50 million in the modernisation of
steel production in Sisak Ironworks.
Kosice Ironworks, a long-time supplier and one of the main foreign
partners of the Croatian company, expressed a willingness to
construct a new steelworks with a manufacturing capacity of 200,000
tonnes of steel tubes a year.
In the next six months a joint team of experts would draw up a
feasibility study, take all necessary steps for signing an
investment agreement and create conditions for the construction of
the steelworks.
(hina) vm mm
021936 MET dec 97
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