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.
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