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FOR IMMEDIATE RELEASE
Tuesday, April 7, 2020
Mostar, Bosnia and Herzegovina

 

M.T. Abraham Group’s Subsidiary, Aluminij Industries d.o.o., Signed an Agreement with Aluminij d.d. Mostar

M.T. Abraham Group, its subsidiary, Aluminij Industries d.o.o., its international partners China Machinery Engineering Corporation (CMEC) and China Nonferrous Metal Industry’s Foreign Engineering & Construction Co., Ltd. (NFC) are pleased to announce that today, April 7th 2020, a new era begins for Aluminij d.d. Mostar.

M.T. Abraham Group would like to thank all authorities in Bosnia and Herzegovina and especially the Government of Bosnia and Herzegovina, for their assistance and cooperation during the negotiations process, which resulted in an agreement that serves the greater good of the public and the economy of the country and the region.

M.T. Abraham Group and its partners will start implementing the strategic plan as outlined in the agreement between the parties, to ensure the operation of Aluminij d.d. Mostar will start in due course.

The current COVID-19 pandemic has brought many challenges, both economic and social. It is important for M.T. Abraham Group and its partners to show their great belief in the country’s strength and in its determination and ability to overcome these challenges.

At times like this, the private and public sectors must join forces in order to secure a stable economic environment for Bosnia and Herzegovina.

Amir G. Kabiri, Chairman of M.T. Abraham Group and Director of Aluminij Industries d.o.o.: 

“Since the negotiation process started, I had no doubt that a mutual agreement would be reached. Starting tomorrow, we must all focus on implementing our strategic plan to restart production process”.

Isaac M. Tamir, Director of M.T. Abraham Group:

“Especially due to the present turmoil in the world economy, it was important for us to show our trust in Aluminij and our commitment to the long term goals. We will strive to create a competitive and stable enterprise and we intend to be a major player in the global aluminum industry”.

 

M.T. Abraham Group S.A.
Company Registration No. 11438
AFI Concord Tower | 21 Bar Kochva Street, B’nei Brak, Israel
E-mail: [email protected] | Tel: +972 (0) 3 7433255