Aluminij
43°16′40″N 17°49′20″E / 43.27778°N 17.82222°E
| Aluminij Mostar Official logo | |
| Company type | Limited liability company |
|---|---|
| Industry | Metals |
| Founded | 1975 |
| Headquarters | Bačevići bb, , |
Key people | Amir Gross Kabiri (Director) Aluminij Industries d.o.o. |
Production output | 106,500 tons of aluminium (2016[1]) |
| Revenue | €275.49 million (2018[2]) |
| (€35.93 million) (2018[2]) | |
| Total assets | €208.28 million (2018[2]) |
| Owner | Aluminij Industries d.o.o. |
Number of employees | 10934 (2018[2]) |
| Website | www |
Aluminij Mostar (Aluminij Industries d.o.o.) is a Bosnian-Herzegovinian aluminium manufacturing company with headquarters in Mostar, Bosnia and Herzegovina. As of 2016, it was one of the largest regional producers of aluminium with sales of 106,500 tons of aluminium,[1] and third-largest exporter of Bosnia with 171 million euros worth of exports (as of 2017).[3]
History
Aluminij was established in 1975 in Mostar. It soon emerged as one of the largest aluminium manufacturing companies in former Yugoslavia.
Company's facilities were largely destroyed during the 1992–1995 war in Bosnia and Herzegovina and were later rebuilt.[4]
As of 2007[update], the company was owned 44% by the government, 44% by workers and former workers and 12% by the Croatian Privatization Fund.[5] The government's and workers' shares are to be sold to international investors.[6]
Amnesty International alleges that, during the civil war, the company "...pursued a policy of ethnic discrimination, the effects of which continue to be felt, and elements of which continue to be practised" leading the company to "...become a company with an overwhelmingly ethnic Croat workforce".[7]
Aluminij strenuously deny this allegation, saying "Aluminij is one of rare companies in Bosnia and Herzegovina which has worked in accordance to the laws and which has completely implemented the same".[8]
Mostar area alone receives an income of 40 million euros annually from Aluminij. That kind of development trend enabled investments in cultural institutions, among which are: the construction of the little scene of the Croatian National Theatre in Mostar and Aluminij Gallery.[9] (one of the most important for the city of Mostar and wider region).
In October 2018, Aluminij's inability to pay off electricity debts became the focus of all regional media, due to looming electricity suspension which would be fatal for its production process.[10] It was reported that Aluminij's debts amount 186 million euros (as of 30 September 2018), of which most is owed to the power supplier Elektroprivreda HZ HB.[11]
In the midnight of 9 July 2019, Aluminij was switched off from power supply, which marked the end of production of the company.[12] The power cut was previously postponed several times because of Aluminij's negotiations with potential investors. Anodes and 256 electrolysis cells were destroyed, and the restart of one cell would cost about 100,000 $.[13] The damage caused by the switchoff of electric power from Aluminij is measured in hundreds of millions of KM.[13] On 10 July, it was decided that Aluminij will enter bankruptcy proceedings.[14]
On 20 April 2020, Israeli company M.T. Abraham Group, director of Aluminij Industries d.o.o., Amir Gross Kabiri and Aluminij Mostar signed a 30 years lease agreement of the factory.
Partnerships
The partners with which the Aluminij does business are renowned global companies, from which the most important are: Venture Coke Company L.L.C. (Venco-Conoco joint Venture) from the USA, Glencore International AG from Switzerland, Debis International trading GmbH, Daimler-Chrysler, Norsk Hydro ASA from Norway, Fiat from Italy, and TLM-Šibenik from Croatia.[15]
Market and financial data
In 2017, Aluminij had revenue of 249.41 million euros and exported goods worth 171.01 million euros.[3]
See also
References
- ^ a b S., K. (18 October 2017). "Aluminij Mostar ponovo preživljava teške dane?". radiosarajevo.ba (in Bosnian). Retrieved 14 October 2018.
- ^ a b c d "Overview by total revenue for all companies in the City of Mostar". fia.ba. p. 243. Retrieved 5 February 2020.
- ^ a b "Top lista po ukupnim prihodima na nivou Federacije, za sve kompanije". fia.ba (in Bosnian). Finansijsko-informatička agencije BiH. Retrieved 14 October 2018.
- ^ VAW-technologie puts Aluminij Mostar on top: state-of-the-art reduction plant will result from modernisation project. Aluminium International Today (Jan-Feb 2002 issue), quoted in AllBusiness.com, accessed 16 April 2007
- ^ Deloitte report into privatization of company 2006, page 2, accessed 16 April 2007
- ^ PUBLIC INVITATION FOR ALUMINIJ D.D. MOSTAR WILL BE ANNOUNCED ON 5.3.2007. Archived 2007-09-29 at the Wayback Machine, Privatizacija u Federaciji BiH, dated 28 February 2007, accessed 16 April 2007
- ^ Letter following up the Amnesty International report "Bosnia and Herzegovina - Behind closed gates: ethnic discrimination in employment" 26 May 2006, quoted by the Business & Human Rights Resource Centre, accessed 16 April 2007
- ^ Letter following up the Amnesty International report "Bosnia and Herzegovina - Behind closed gates: ethnic discrimination in employment" 6 February 2006, quoted by the Business & Human Rights Resource Centre, accessed 16 April 2007
- ^ Aluminij website Archived 2007-04-30 at the Wayback Machine, accessed 16 April 2007
- ^ "Što je slomilo Aluminij?". seebiz.eu (in Croatian). Deutsche Welle. 14 October 2018. Retrieved 14 October 2018.
- ^ Sito-Sucic, Daria (19 October 2018). "Bosnian government to help keep Aluminij smelter on power grid". reuters.com. Retrieved 20 October 2018.
- ^ D., R. (10 July 2019). "Aluminiju ugašena struja, konačni kolaps hercegovačkog giganta". klix.ba (in Bosnian). Retrieved 11 July 2019.
- ^ a b D., R. (10 July 2019). "Zašto je isključenje struje značilo kraj za Aluminij". klix.ba (in Bosnian). Retrieved 11 July 2019.
- ^ Č., I. (10 July 2019). "Džindić: Proglašenje stečaja Aluminija neće smetati potencijalnim investitorima". klix.ba (in Bosnian). Retrieved 11 July 2019.
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