Misplaced Pages

Aluminij

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
For the company that took over Aluminij's production, see Aluminij Industries.

43°16′40″N 17°49′20″E / 43.27778°N 17.82222°E / 43.27778; 17.82222

Aluminij
Aluminij Mostar
Trade nameAluminij
FormerlyAluminij Mostar
Company typeLimited liability company
Traded asAluminij d.o.o.
IndustryMetals
Founded1975 (1975)
FounderSR Bosnia and Herzegovina
Defunct2020 (2020)
SuccessorAluminij Industries
HeadquartersBačevići bb, Mostar, Bosnia and Herzegovina
ProductsIngots, Billets, Slabs, Wire, Anodes
Production output156,500 tons of aluminium (2016)
BrandsAluminij
ServicesPrimary Aluminium Production
RevenueDecrease €275.49 million (2018)
Net incomeDecrease €29.3 million (2021)
Total assetsDecrease €208.28 million (2018)
OwnerFederation of Bosnia and Herzegovina (44%)Workers and former workers (44%)Croatian Privatisation Fund (12%)
Number of employees340 (2022)
DivisionsElectrolyses, Cast-house, Anode-plant
Websitewww.aluminij.ba
Aluminij Ingots Production
Aluminij Factory Exterior In Mostar

Aluminij was a Bosnian aluminium manufacturing company with headquarters in Mostar, Bosnia and Herzegovina. It operated from 1975 until 2020, when it was leased to the Israeli M.T. Abraham Group and since then has been operating as its subsidiary Aluminij Industries.

In 2021, Aluminij Industries was the second largest exporter in Bosnia and Herzegovina, as well as the largest importer, while in 2022, Aluminij Industries became the largest exporter, and was the second largest importer.

History

The history of Aluminij began in the first years of the 20th century, with the discovery of bauxite ore deposits in Herzegovina and the subsequent exploitation of the resource. After the end of World War II in 1945, a new company was created, Bauxite Mines Mostar, with the goal of exploring, exploiting and transporting bauxite commercially. It was this first company that carried out the initial construction studies for aluminium smelters were conducted, the birth of the aluminium industry that was to come. In 1969, the bauxite Mines Mostar Company merged with Energoinvest Sarajevo to form a new organisation focused on aluminium production.

The Government of the Socialist Republic of Bosnia and Herzegovina tasked the group with maximizing the potential of the resources in the region and develops a new facility that could turn Mostar into a global aluminium producer. This was achieved by 1975, as regular aluminium production began in the new Alumina Factory. This successful development was based on cooperation between Energoinvest and the French company Pechiney. Aluminij was established in 1975 in Mostar. It soon emerged as one of the largest aluminium manufacturing companies in former Yugoslavia.

The company's facilities were largely destroyed during the 1992–1995 war in Bosnia and Herzegovina and were later rebuilt.

By the end of June 2002, an extensive modernization project for Aluminij Factory had been completed. At a cost of 250 million Euros it brought new technologies and introduced production upgrades that increased output, efficiency and quality, this allowed Aluminij Factory to remain competitive on the world stage, matching the global leading producers for quality.

In 2007, the Government of Bosnia and Herzegovina aimed to privatise Aluminij. Among the companies who placed a bid were; Alcoa, Alcan Inc., Rusal, Norsk Hydro and Swiss-based metals trader Glencore International. The Government of Bosnia and Herzegovina blocked the selloff and decided to annul the tender.

As of 2007, the company was owned 44% by the government, 44% by workers and former workers and 12% by the Croatian Privatization Fund. The government's and workers' shares are to be sold to international investors.

2020 M.T. Abraham Group takover

Main article: Aluminij Industries

In April 2020, M.T. Abraham Group took the factory under a lease for a duration of 30 years by an agreement with the Government of the Federation of Bosnia and Herzegovina, together "with its partners China Machinery Engineering Corporation (CMEC) and China Nonferrous Metal Industry’s Foreign Engineering & Construction Co., Ltd. (NFC).

In October 2020, Aluminij entered into a partnership with Advaita Group under which half of Aluminj's production would be sold to Advaita for the next ten years.

In December 2020, Aluminj signed a five-year agreement with Glencore for the supply of aluminium billets.

In March 2022, M. T. Abraham Group announced plans to build a solar power plant for electricity supply to Aluminij Industries.

On May 4, 2023, M.T. Abraham Group's Aluminij signed $141.2 million worth of deals with Glencore and Duferco. The agreements consisted of building a solar power plant, aluminium recycling facility, and a new factory for green aluminium production.

Community

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. (one of the most important for the city of Mostar and the wider region).

Partnerships

The partners with which Aluminij does business are renowned global companies, of which the most important are: Venture Coke Company L.L.C. (Venco-Conoco joint Venture) from the US, Glencore International AG from Switzerland, Debis International Trading GmbH, Daimler-Chrysler, Norsk Hydro ASA from Norway, Fiat from Italy, TLM-Šibenik from Croatia, China Machinery Engineering Corporation, and China Nonferrous Metal Industry's Foreign Engineering And Construction Co., Ltd.

Market and financial data

In 2017, Aluminij had a revenue of 249.41 million euros and exported goods worth 171.01 million euros.

See also

Footnotes

  1. S., K. (18 October 2017). "Aluminij Mostar ponovo preživljava teške dane?". radiosarajevo.ba (in Bosnian). Retrieved 14 October 2018.
  2. ^ "Overview by total revenue for all companies in the City of Mostar". fia.ba. p. 243. Retrieved 5 February 2020.
  3. ^ Pavlova (a) 2020.
  4. Bljesak.info 2022.
  5. Depo.ba 2023.
  6. "History". Retrieved 2020-06-30.
  7. "TIMELINE". Retrieved 2020-06-30.
  8. 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
  9. "Tender for Bosnia aluminium plant due in February". Reuters. 2007-01-24. Retrieved 2020-06-30.
  10. "Who wants to own Mostar Aluminij?". CIN. Retrieved 2020-06-30.
  11. Deloitte report into privatization of company Archived 2007-09-29 at the Wayback Machine 2006, page 2, accessed 16 April 2007
  12. 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
  13. "M.T. ABRAHAM GROUP S.A." opencorporates. 5 November 2019.
  14. "M.T. Abraham Group and Aluminium Smelter Mostar sign Lease Agreement". Sarajevo Times. 2020-04-08. Retrieved 2020-06-28.
  15. Majumder, Rupankar (8 April 2020). "Abraham Group and Aluminij Mostar sign a lease agreement for the facility". AlCircle.
  16. Pavlova (b) 2020.
  17. "Bosnian aluminium producer Aluminij resumes production after a 15-months pause: Source; Aluminium Extrusion, Profiles, Price, Scrap, Recycling, Section". alcircle. Retrieved 2023-01-30.
  18. "Bosnia's Aluminij signs five-year deal with Glencore - report". seenews.com. Retrieved 2023-01-30.
  19. Vujasin, Mihajlo (2022-03-23). "Investment in solar to facilitate decarbonization of Mostar based Aluminij". Balkan Green Energy News. Retrieved 2023-01-30.
  20. 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.
  21. "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.
  22. "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.
  23. Sito-sucic, Daria (2023-05-04). "Israeli-owned Aluminij to sign green deals worth $141 million with Glencore, Duferco". Reuters. Retrieved 2023-05-28.
  24. Aluminij website Archived 2007-04-30 at the Wayback Machine, accessed 16 April 2007
  25. "Parterships". Archived from the original on 2020-06-29. Retrieved 2020-07-12.
  26. "Top lista po ukupnim prihodima na nivou Federacije, za sve kompanije". fia.ba (in Bosnian). Finansijsko-informatička agencije BiH. Retrieved 14 October 2018.

References

External links

Categories: