Impol Seval expects export worth over 100 million euros

Copper Mill in Sevojno, as it has already been announced by its CEO Ninko Tesic, has continued achieving good business results in 2010. This company, which exports 96% of total production, is going to achieve above-the-average business results this year thanks to the export of aluminum to the markets of the EU, Russia and Belarus.

- The value of the export in the first 8 months amounted to 57 million euros. We expect the total export by the end of the year to exceed the value of 100 million euros, while it amounted to only 36 million euros in 2009. That is nearly three times bigger realization than the last year - said Tesic.

According to him, Impol Seval will invest about 25 million euros within the next two years in further modernization of the production and ecological standards. The Sevojno-based Copper Mill, which operates under the control of Slovenian Impol since late 2002, registers quite modest trading on the Belgrade Stock Exchange. At the current price of its shares of 700 dinars, the company's market capitalization amounts to only 660 million dinars (6.3 million euros).

Impol Seval ad Sevojno

Impol Seval

Aluminum Mill Sevojno

Ninko Tesic

aluminum