Uniprom opens silumin alloys production unit at its local aluminium smelter KAP
Montenegrin aluminium company Uniprom has reportedly opened a silumin alloys production unit worth 10 million euro or $11.3 million at its local aluminium smelter KAP. The news arrived after the government officially announced about the opening of the manufacturing unit on Monday, July 15.
At this new unit which will have dozens of employees, Uniprom will produce aluminium alloys in the form of small ingots, said the government in a statement.
"The new factory will make a product that can go directly to the halls of automotive or aviation giants. Every new product in Montenegro is a step towards new jobs," Prime Minister Dusko Markovic said during the opening ceremony.
In March 2019, the owner of Uniprom Veselin Pejovic had declared that the company was investing about 26 million euro in the construction of a unit for producing silumin alloys with a capacity of 30,000 tonnes per year and a unit of producing aluminium billets with an annual capacity of 70,000 tonnes.
KAP entered bankruptcy proceedings in 2013 and was sold by Montenegro's government to Uniprom the following year.
source: Alcircle
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
