STA, 8 May 2019 - Impol, Slovenia's largest maker of aluminium products, launched a new car industry production line in its subsidiary TLM in Croatia on Wednesday, consolidating its position in the car industry market.
The cost of Impol's investment amounted to EUR 6.5 million, with the new combination cutting line enabling the company to expand its cold rolling mill production as well as the production of a wider variety of new products intended for industrial customers and specialised car and aircraft industry markets.
The construction works started in August 2018, while the trial production period began in April this year. The regular production is expected to be launched soon.
The company's latest line, entitled Salico, will enable the processing of aluminium products, spanning in depth from 0.5 to 6 mm and with the maximum width of 1,600 mm.
The line's top speed is 200 m per minute, which is at least six times faster than before, according to the project's manager Damir Muhedinović.
Impol's CEO Andrej Kolmanič stressed the importance of the investment for attracting and serving final customers consuming the biggest amount of aluminium products and requiring the highest quality standards.
The Šibenik-based company TLM, which was acquired by the Slovenska Bistrica-based company in 2017, employs more than 400 people, manufacturing some 9,000 tonnes of aluminium products per month. Until 2025 the subsidiary would like to double its production to 200,000 tonnes per year.
Impol has invested more than EUR 100 million in TLM and plans to keep investing, expanding its production capacities.
Last year, the company produced the best results, generating more than EUR 36 million in net profit, while increasing its production volume by 4%, according to the newspaper Delo.
The opening of the new line was attended by Economy Minister Zdravko Počivalšek, Slovenian Ambassador to Croatia Smiljana Knez and the Croatian Economy Ministry State Secretary Mario Antonić.
The latter said the investment demonstrated that business transcended state borders, while Počivalšek confirmed that the economic cooperation between Slovenia and Croatia was successful. Trade between the countries amounted to EUR 5.5 billion in 2018.
He also welcomed Impol's investment, saying it would contribute to the bilateral trade and to the countries' performance in the EU and global economic market, reported the Šibenik news portal.
Počivalšek also pointed out that Slovenia invests the most in Croatia, with Slovenian investments amounting to EUR 1.8 billion at the end of 2018, a 12% increase year-on-year.
Croatia invested in Slovenia EUR 923 million in 2018, a 3% increase year-on-year.