Uniprom plans to invest 20 million euros in aluminium slabs facility

AL Circle

Montenegro-based aluminium company Uniprom has planned to invest 20 million euros in the new manufacturing unit at aluminium smelter KAP's plant in Podgorica. The company will build a new plant for the production of aluminium slabs, SeeNews reported.

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The construction work of a new plant is expected to be completed in 2021. Uniprom said in a statement that slabs production capacities at this new facility will be 35,000 tonnes per year. Aluminium slabs is a material used for the production of sheet metal and other items for the automotive industry.

Uniprom has completed the negotiations and will soon sign the contract for the construction of a new plant.

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The company had also announced to invest 15 million euro in aluminium billets production unit at the factory of KAP. The plant will have annual capacity of 70,000 tonnes.

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