Aluminij Industries

Last updated
Aluminij Industries d.o.o.
Type Subsidiary
Industry Aluminium
Founded2020;3 years ago (2020) in Mostar, Bosnia and Herzegovina
Founder M.T. Abraham Group
Headquarters
Mostar
,
Bosnia and Herzegovina
Area served
 Bosnia and Herzegovina
Key people
 Amir Gross Kabiri (CEO)
ProductsBillets, Slabs, Ingots, wire rod, anodes
Owner M.T. Abraham Group
Number of employees
360
Parent M.T. Abraham Group

Aluminij Industries (Serbo-Croatian : Aluminij Industrija) is an aluminium producing company and a subsidiary of M.T. Abraham Group based in Mostar, Bosnia and Herzegovina. Since 2020 it is leasing the production assets of Aluminij, an aluminium producer established in 1975 and for a long time one of the largest producers and exporters in Bosnia and Herzegovina. Since 2022, Aluminij Industries is the largest exporter in Bosnia and Herzegovina and the second largest importer.

Contents

History

Aluminij, an aluminium producing company established in 1975, and one of the largest producers and exporters in Bosnia and Herzegovina ever since, halted its production in July 2019, after it had accumulated a large number of unpaid electricity bills from Elektroprivreda HZ HB, which in turn cut off its supply. The government of the Federation of Bosnia and Herzegovina, its largest shareholder, announced a rescue plan for the end of the year. [1]

M.T. Abraham Group, an Israeli company with headquarters in Panama, stated in December 2019, that it plans to revitalise and rescue the existing smelter operations of Aluminij, to implement new operational efficiencies, expand the production and better the management. [1] Thus, Aluminij Industries was established in 2020 in Mostar, as its subsidiary.

In April 2020, Aluminij Industries started leasing the production assets of Aluminij. The deal came after the negotiations between Aluminij's shareholders, including the Federation of Bosnia and Herzegovina, and after they accepted a revised offer from Aluminij Industries' parent company, M.T. Abraham Group. [1] In 2021, Aluminij Industries was the second largest exporter in Bosnia and Herzegovina, as well as the largest importer. [2] In 2022, Aluminij Industries became the largest exporter in Bosnia and Herzegovina, and was the second largest importer. [3]

On 4 May 2023, Aluminij Industries signed $141.2 million worth of deals with Glencore and Duferco. [4] The agreements consisted of building a solar power plant, aluminium recycling facility, and a new factory for green aluminium production. [5] [6] [7]

Footnotes

  1. 1 2 3 Pavlova 2020.
  2. ↑ Bljesak.info 2022.
  3. ↑ Depo.ba 2023.
  4. ↑ admin (2023-05-09). "A new Era for the greatest BiH Exporter: Opening of new Plants, Work for World Giants". Sarajevo Times. Retrieved 2023-06-24.
  5. ↑ "Israeli-owned Aluminij to sign green deals worth $141 mln with Glencore, Duferco". XM | XM (XM.COM) is a licensed forex broker offering forex trading, futures trading and CFD trading. 2014-09-10. Retrieved 2023-05-28.
  6. ↑ "Glencore expands its position into the aluminium market with Aluminji's $141.2 million green deal project; Aluminium Extrusion, Profiles, Price, Scrap, Recycling, Section". alcircle. Retrieved 2023-05-28.
  7. ↑ Sito-sucic, Daria (2023-05-04). "Israeli-owned Aluminij to sign green deals worth $141 million with Glencore, Duferco". Reuters. Retrieved 2023-05-28.

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References

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