"Brikel" invests 3m EUR in production in company "Trayal" - Petar Krastev appointed as new CEO

- Bulgarian company "Brikel" will invest 3m EUR in "Trayal Corporation" within the next few days in order for production in that company to start by the end of January – Petar Krastev, the new CEO of the Kruševac’s tiry factory , announced.

- According to the plan, between 15 and 25m EUR will be invested in "Trayal Corporation" prior to June 2009 – said Krastev.

As Krastev explained, the aim of the new management of "Trayal" is to make it possible for the company to start generating profits in the second half of year 2009.

Krastev said that he had been appointed as the Director General of "Trayal Corporation" after "Brikel" had estimated that "former management is unable to carry out the activities that lie ahead".

He said that the managerial team also included the new Deputy Director General of "Trayal", Maksim Ivanov, and that Antoni Mitev, the Deputy General Manager of 15 Bulgarian companies in Serbia, would help the team.

Krastev also said that "Brikel" had asked the Privatization Agency of Serbia to extend the deadline for realization of 8.6m EUR worth of mandatory investments until the end of year 2009.

- We asked the Privatization Agency to cut our mandatory investments by 30% for the third, fourth and fifth 12-month period, and to extend the deadline by one year for the second, third, fourth and fifth period, and the latter request was also backed by trade unions – said Krastev.

He added that the investments in semi-finished products and manpower created greater business effect than the investments in steel, that is, certain equipment that was unnecessary at the moment.

Petar Krastev is the Director General of the following companies: "Božo Tomić" from Čačak, FOP from Vladičin Han, "Nova Srbijanka" from Valjevo, "Titelbrant" from Titel, "Zastava metal" from Resavica, "Metalac" from Ivanjica, "Nevena" from Leskovac, "Vulkan" and "Coal Trade" from Niš, ECE and "Rudnik" Kovin, "Nova guma", "Pobeda" and "Industrijska toplana" from Kruševac.

Trayal korporacija a.d. Kruševac

Agencija za privatizaciju Republike Srbije Beograd prestala sa radom 29.01.2016.

Božo Tomić a.d. Čačak

FOPA a.d. Vladičin Han

Nova Srbijanka Valjevo

Zastava Metal a.d. Resavica

Metalac Ivanjica

Nevena doo Beograd

Vulkan a.d. Niš

COAL TRADE NIŠ

Rudnik Kovin a.d.

Radio Televizija Kruševac

Gradska Toplana Kruševac

Brikel

Petar Krastev

Maksim Ivanov

Antoni Mitev

Titelbrant Titel

ECE Kovin

Nova guma Kruševac