'Without government's help, Aluminij company won't survive'

'Without government's help, Aluminij company won't survive'

'Without government's help, Aluminij company won't survive' Izvor: Aluminij.ba

The Aluminij company is facing serious problems due to global instability and lack of interest of the state to help this company, said Drazen Pandza, Aluminij’s General Manager, in a letter to the Federation of Bosnia and Herzegovina (FBiH) entity Prime Minister and the FBiH Finance Minister.

"We’ve come to a breaking point when the FBiH’s engagement is the only solution for the company because we have no more manoeuvring room and unless there is a change of the situation, we won't survive," Pandza said.

Asking for help from the authorities, the head of Bosnia's largest aluminium producer said the trade war between the US and the EU led to a disorder in the world exchange markets and with the rise in electricity prices, the General Manager said Aluminij’s further business operations seem impossible.

Pandza said that the price of aluminium at the London Metal Exchange (LME) in July 2018 was USD 195 higher compared to the same month last year, however, the prices of raw materials used in production have increased even more which is why the Aluminij company lost BAM 5.2 million, Pandza said.

Comments (0)

Comment sent successfully.

Comment sending failed.

Invalid CAPTCHA

* All fields are required

MOST POPULAR

NAJNOVIJE

POPULARNO NA DRUŠTVENIM MREŽAMA

READ MORE

NEWS

NEWS

Banja Luka: Journalists gather to support a colleague who received threats 19:21 h

19:21 h  |  NEWS

NEWS

NEWS

Bosnia's best shot putter wins gold in the Balkan Indoor Championship 16:39 h

16:39 h  |  NEWS

NEWS

NEWS

Stoltenberg for N1: We are ready to accept Bosnia's Annual National Programme 16:22 h

16:22 h  |  NEWS

NEWS

NEWS

North Macedonia claims it prevented attack by Islamic State supporters 11:43 h

11:43 h  |  NEWS

NEWS

NEWS

Bosnia's Interreligious Council remains committed to reconciliation process 11:32 h

11:32 h  |  NEWS

NEWS

NEWS

Istocno Sarajevo closes European Youth Olympic Winter Festival 15.02.2019.

15.02.2019.  |  NEWS

NEWS

NEWS

McConnell says Trump will sign funding bill, declare a national emergency 15.02.2019.

15.02.2019.  |  NEWS

NEWS

NEWS

US and China wrap up latest trade talks as tariff deadline looms 15.02.2019.

15.02.2019.  |  NEWS

loader