Drakulić to sell Cable Factory "Zaječar" to Polish "Telefonica"

Starting next year, new owner of Zaječar-based Cable Factory, instead of Cypriot "East Point", of which president is Zoran Drakulić, will be Polish "Telefonica".

It has been confirmed by "East Point" that the cable factory will be sold to the Polls, but that company did not want to reveal the price. Zoran Drakulić bought CF "Zaječar", which used to operate within the system of processing capacities Mining Smelter Basin "Bor", in 2002 for 500,000 EUR.

With the investments worth 8m USD, production was very quickly increased from 350 tons to 1,000 tons of cables on monthly basis.