Impol Seval not worried by drop in price of aluminum – Company reduces debt by EUR 8.15 million

CEO of aluminum processing company Impol Seval, Ninko Tesic, has stated for the company's corporate magazine that he is very satisfied with the past business year.

– The production-financial results we've achieved, even with the drop in demand in the final quarter, are definitely the best ones in the history of the factory. The realization of the new investment cycle, worth EUR 59 million, is well on its way – Tesic said.

He notes that the company will be able to overcome the current state of the market.

– There's been a drop in prices, whereas LME is growing, but we believe that we will be able to overcome this. Taking internal economy seriously is always a reliable way of overcoming the current problems in the market. Furthermore, we need to dedicate ourselves even more to quality. The biggest resources, as always, are in ourselves. What's good is that the projection for the entire aluminum industry is that there will be both work and sales in 2017 – says the chairman of Impol Seval.

Sanja Bosiljcic, the company's Executive Manager for Economic Affairs, stated that the good results of the company had been enabled by the previous year's reduction of debt by EUR 8.15 million and financing a new investment cycle in the initial phase, as well as its good negotiation position towards banks regarding financing in the next period, Wisebroker reports.

Impol Seval ad Sevojno

Ninko Tesic

aluminum processing factory Sevojno

Sanja Bosiljcic