After successful restructuring, Novi Sad-based "Novkabel" expects even more successful privatization

In the most importan Novi Sad-based production company - "Novkabel"- the three-year restructuring process is brought to an end and the commencement of the tender sale is expected.

Sice the preparatory activities are finished, the Privatization Agency of Serbia could announce public tender already at the end of this, or at the beginning of the next month, which would offer the entire factory and its seven dependent companies for sale.

The proofs that the decision about restructuring was the right one are the stable production growth and general business consolidation of the company. The management team, gathered by the general manager of "Novkabel" Gavra Avramov, managed to lead the company out from the enchanted circle of internal troubles, strikes and production stoppage and to increase, from month to month, both production output and market realization.

The works on preparation for privatization were managed by consulting company "Nomura" with its partners: "Delloitte & Touche" (finances), "Clyde" (legal issues) and "Atkins" (technology). After "Nomura" went out from the business, the management was taken over by "Delloitte & Touche" and their knowledge says that "Novkabel" is potentially good investment and that several companies are interested in the participation in the tender.

In addition to Romanian "Kuprum", Indian "Binani" and German "Helu Kabel", there is also domestic consortium made of "East Point" and "Amalko".