Mostar aluminum plant, the hottest export enterpri

2022-08-01
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Mostar aluminum plant, the largest export enterprise in Bosnia and Herzegovina, is facing closure

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Mostar aluminum plant, the largest export enterprise in Bosnia and Herzegovina, is facing closure

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core tips: BIH business news on March 15, Mostar aluminum plant, the largest export enterprise in Bosnia and Herzegovina, will be closed. It is the only aluminum ingot production plant in Bosnia and Herzegovina. In 2012, the enterprise produced 159660 tons of aluminum ingots. In addition to such direct drive flights, the output decreased by 3% year-on-year, resulting in a loss of 65.8 million marks (about 33.65 million euros). BIH Business Daily reported on March 15 that Mostar aluminum plant, the largest export enterprise in BIH, will be closed. It is the only aluminum ingot production plant in BIH. In 2012, the enterprise produced 159660 tons of aluminum, which made rats unable to run away from ingots. The output decreased by 3% year-on-year, resulting in a loss of 65.8 million marks (about 33.65 million euros). As electricity accounts for more than 60% of its production cost, the company has repeatedly asked the government to provide electricity subsidies but failed. The person in charge of the enterprise said that if the price of aluminum ingots rises from US $315 per ton to US $365 per ton, dozens of aluminum ingot deep-processing enterprises in Bosnia and Herzegovina will be closed, and thousands of workers in these enterprises will lose their jobs

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