GAS Termik seeks partner/co-financier for production of gas stoves, heaters and boilers

If plans for gas introduction in Serbia until 2010 are realized, it can be expected that there will be about 200,000 new gas consumers, mainly in households and public utility activities. That is great opportunity for all manufacturers from this field, especially if taken in concern that small number of gas-powered devices is produced in SCG. These are mainly gas stoves and gas heaters.

Therefore, Belgrade-based company GAS Termik seeks partner/co-financier for production of gas stoves, heaters and boilers, according to license of well-known Chinese manufacturers. Gas stoves in question are of various heating capacities, heaters for various purposes and of various capacities, boilers for preparation of hot water and for heating. Projected annual profit from production in 2005 is €52,000, in 2006 - €240,000, whereas it is expected that it will reach amount of €1,750,000 in 2009. It is expected that production of gas stoves, heaters and boilers will require employment of 300 people within next 5 years.