New tender announced for Glass Industry Pančevo - deadline for submission of bids is December 19

Privatization Agency of Serbia announced the new tender for sale of Glass Industry Pančevo today (October 9, 2008).

The deadline for submission of bids is December 19, and potential buyers can purchase tender documentation at the price of 8,000 EUR prior to November 28.

Previous tender was declared unsuccessful because the only bidder, Greek company "Yioula Glassworks", gave up signing of the contract.

The glassworks from Pančevo is the only manufacturer of flat glass in Serbia and it has capacities for production of glass for automobile industry, special glass, medical packaging and molten glass.

The factory with about 400 workers owns facilities at 150,000 square meters. The company's capital is estimated to about 17m EUR, while the debts amount to 6m EUR.