Uniprom KAP Investments to Increase Exports and Industrial Production

By , 23 Mar 2019, 15:21 PM Business
Uniprom KAP Investments to Increase Exports and Industrial Production Copyrights: Uniprom KAP Photo

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22 March 2019 - Investments in Uniprom KAP, around EUR 36 million thus far and an additional 30 million, are an excellent opportunity for Montenegro, its economy, industrial production, and export increase, it was noted today during Prime Minister Duško Marković's visit to the factory. 

"A new modern industrial centre is practically being developed in Montenegro. I am sure that most citizens do not know about it, not only in Montenegro but also in Podgorica. New plants and new factories for the finalisation of aluminum production are being developed here," PM Marković said. 

He added that in May, a new line for the production of aluminum alloys would be completed, and by the end of the year, we will have a new factory that will provide a path for the production of aluminum billet. In 2020, according to Prime Minister Marković, another new factory for the production of aluminum wire and steel wire is planned. 

Owner of Uniprom Veselin Pejović said that EUR 20 million had been invested so far in replacement of 170 cells and other infrastructure.

Uniprom KAP Investments to Increase Exports and Industrial Production2

"With the new silumin factory which we will open in the next couple of months, production will be 30,000 tons. The investment is worth EUR 11 million, and the investment for the billet production factory with a capacity of 70,000 tons, which will be open by the end of 2020, is 15 million. These two factories will have a total production of 100,000 tons, which means that in 2020 we should have an export of about 300 million dollars," Pejović said. 

Prime Minister Marković praised the fact that KAP uses the new plant for liquefied gas. 

"Therefore, fuel oil and oil are removed from use, which is very important for the further development of KAP, but it is also essential for the preservation of the environment," the Prime Minister emphasised. 

Pejović specified that the introduction of this system was also important for bringing relevant customers from the European market, and pointed out that Uniprom KAP is the only Balkan-based factory using LNG, liquid natural gas. 

"KAP used to spend 10 tons of oil daily. That is equal to 1,000 cars in Podgorica per day and 10 liters of oil per car per day. What polluter! This is no longer a case in KAP," the owner of Uniprom explained. 

He added that they had invested EUR five million so far in LNG and gas station. The further development of KAP and the new plants will reach a figure of 20 million to cover all production maximally. 

PM Marković especially praised the fact that in such difficult conditions and complex activities, the company cherishes a principle of social responsibility and supports the interests of the community as a whole.

Uniprom KAP Investments to Increase Exports and Industrial Production

The Prime Minister reiterated that he, the Government and the competent authorities would actively support the fulfillment of investment plans of Uniprom KAP and this development perspective.

Minister of Economy Dragica Sekulić and Minister of Sustainable Development and Tourism Pavle Radulović also paid a visit to KAP.

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