Jagodina-based "Kablovi" signed export contracts worth 20m EUR

Cable industry from Jagodina has signed the contracts on export of 20m EUR worth of cables, the same as the last year, and in case it obtains a favorable loan, it will increase the export by over 50% - said Ratko Vučurović, the Director General of "Kablovi".

- About 60% of production is exported to Russia, the countries of European Union, the Near East and western Balkans - said Vučurović.

He estimated that the state did not stimulate large exporters, while the banks in Serbia had monopoly and the prices of banking services were much higher than in the rest of the world.

- The cable industry has great potentials. In this difficult time, our personnel and technological capacities are becoming prominent - Vučurović pointed out and added that the salaries in the factory are paid on regular basis, as well as the obligations towards suppliers and creditors.

Vučurović pointed out that the sales of cables ad cable equipments in the local market were dropping because there was, practically, no demand.

According to the data provided by the Regional Chamber of Commerce, the cable industry in Jagodina was among top ten exporters in Šumadija and Pomoravlje in 2007 and the second largest exporter in 2008.

However, in spite of good business results, the Cable industry has stayed without the buyer after the third tender for sale of 99.35% of public capital.

- The extended deadline for submission of bids expired on Monday. Now we should make the decision if the fourth tender will be announced, which is something that the trade union and the management of "Kablovi" expect to be done by the end of the year, or the company will stay property of the state for few years more, until financial situation in the global market is improved - said Dragan Rajić, the President of the company's trade union and member of the tender commission.