Impol Seval to invest EUR 5 million in flue gas treatment plant and mini refinery for processing oil vapors

Impol Seval is going to invest about EUR 5 million this year in the revitalization of existing equipment and the construction of a flue gas treatment plant and a mini-refinery for processing oil vapors and oils, Ninko Tesic, director general of the aluminum mill in Sevojno, said to eKapija.

- The plan is to launch both project this year, and their completion depends on our business results in 2013. Indications from the market are not so favorable, but we are optimistic that this year will be at least the same as 2012 - said Tesic.

Production at the Uzice-based company hit a record high of 45,761 tonnes of cold-rolled products in 2012. Although there was a decline in operations early last year due to exchange rate differences, the company achieved a positive financial results at the end of the year. It also put a new coloring line worth EUR 17 million into trial operation last year, so that Tesic hopes that good business results are yet to come.

The Club of Business Journalists has recently presented Impol Seval with an award for the sustainability of domestic production.

As many as 95 percent of Impol Seval's production is exported, primarily to Germany and Russia. Thanks to its exports that reached EUR 92 million, Impol Seval has kept the position of one of the leading exporters in Serbia.

The aim of the Sevojno aluminum mill is to produce 63.746 tonnes of products and turn the profit of 4.3 million in 2013.