Zastava oruzje contracts work for entire 2016 - Largest portion of profit generated from export

Source: Tanjug Sunday, 03.04.2016. 20:56
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(Photo: Marian Weyo/shutterstock.com)
Head of Zastava oruzje Milojko Brzakovic said on Friday, April 1, 2016, that the company in special service industry contracted jobs for the entire 2016 and partly for 2017.

- We have already agreed everything for 2016 and in addition we have contracted jobs in 2017 ending in August, and for some products in September – Brzakovic said.

As he said, 98 % of works contracted for this year is for exports.

Zastava oruzje has been an export- oriented company in the past two years, during which 96 % of its products it placed at foreign market. The share of imports is extremely small compared to the income that the factory achieves through export of its goods.

- In addition to special materials in smaller scope and smaller quantities, we provide raw materials from Serbia – Brzakovic said.

He explained total capacity of business volume comprises 75% of military program and 25 % hunting sports.

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