Screw factory "Gradac" signed contract with Russians on business worth 5m EUR

- Valjevo-based screw factory "Gradac" signed contract with Automobile factory UAZ from Uljanovsk on export worth 5m EUR to Russian market - said the Manager of that company, Vladko Glogovac. According to his words, this cooperation will last prior to year 2012. He also estimated that annual export of about 1,000 tons of screws to Russian market would help that factory to improve its balance.

On the auction in the Privatization Agency, "Gradac" was bought last year by Serbian businessman Dušan Sekulić, who is present on the market of Russia for a long time. Following the purchase, Sekulić invested 36m RSD in production enhancement.