REDEMIX BECOMES MAJORITY OWNER OF DALMACIJACEMENT

SPLIT, July 9 (Hina) - A multinational company Redemix has become the majority owner of Croatia's cement factory 'Dalmacijacement' by buying 51 percent of shares for 160 million German marks. On this occasion, the Dalmacijacement director, Zvonimir Radic, said on Wednesday that almost all problems of 3,000 workers, had been solved, and none of the employees would be dismissed. The new majority owner had settled the debt of Split's factory, Radic said and added that 160 million German marks entered Croatia by through the sale of shares. A Redemix management member, Paul Abbor, said that a process of technological rehabilitation had commenced in Dalmacijacement where plants were currently being exploited only 40 percent. But, an aim would be that the factory can work at full capacity, and that's why more than 100 million German marks would be invested in the factory, he added. German Ambassador to Croatia, Volker Haak, attended Wednesday's presentation of Dalmacijacement and Redemix plans. (hina) mm mš 091928 MET jul 97