Uniprom KAP Factory of Aluminum Billets Begins Construction

By , 26 Apr 2019, 18:19 PM Business
Uniprom KAP Factory of Aluminum Billets Begins Construction Copyrights: Government of Montenegro

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26 April 2019 - "Continuation of aluminum production is of great importance for the overall economic development of Montenegro, and through announced investments "Uniprom" will continue to strengthen its position on the aluminum market, which will greatly contribute to strengthening the Montenegrin economy," Minister of Economy of Montenegro Dragica Sekulić said marking the start of construction works on the factory of aluminum billets/logs within the Uniprom KAP.

Minister of Economy Dragica Sekulić and owner of Uniprom Veselin Pejović jointly marked the beginning of works on the factory.

Sekulić said that Uniprom – Aluminum Plant Podgorica was recognised as a subject with a clear vision, clearly defined short-term and long-term goals and guidelines for further development of the company.

"In addition to the already installed silumin factory, which will produce 30,000 tons of special alloys of an outstanding foreign market value of 75 million USD, which will be opened soon, we are starting to implement the next project, which is the construction of a new factory of aluminum billets/logs," Veselin Pejović said.

The opening of the Uniprom KAP factory is planned for December 2019. The planned value of this investment is approximately 15 million EUR. It is expected that these two factories will create 80 new jobs.

Prime Minister of Montenegro Duško Marković, on his recent visit to the factory, noted that investments in Uniprom KAP, around 36 million EUR thus far and an additional 30 million, are an excellent opportunity for Montenegro, its economy, industrial production, and export increase.

"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," Prime Minister Marković said on this occasion. 

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