Impol CEO hopeful of taking lease of TLM this week

The CEO of the Slovenian Impol company, Jernej Cokl, stated on Tuesday that he hoped that this Slovenska Bistrica-based producer, engaged in reprocessing aluminium in state-of-the-art semi-finished goods, would take a lease of Croatia's TLM light metal factory this week.

"If everything goes as planned, we will settle the deal this week, although a lot of work remains to be done," CEO Cokl told the Slovenian national news agency STA.

Bankruptcy proceedings are under way in the Sibenik-based factory, and the Slovenian company found ways to buy all assets in the proceedings, thus paving the way for taking a lease of the TLM.

In February, Impol executives said the company would take a lease of the TLM in March and that it planned to invest EUR 70 million in the Croatian factory over the next five years and initially hire 250 workers.

Last year, Impol produced manufactured 186,000 tonnes of products.

Last update: Tue, 08/03/2016 - 14:38

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