Log factory in 2020.

On August 18, 2020, Uniprom put into operation the aluminium billet factory within the Uniprom Aluminum Plant, which provides 70 new jobs. The capacity of the factory will be 70,000 tons of logs per year, the investment is worth around 25 million euros. The opening of the factory was attended by the President of Montenegro Milo Đukanović and Prime Minister Duško Marković.
Prime Minister Duško Marković said that the European path is a process of thoughtful strategic transformation of all segments of our society, including industry. The Prime Minister said that today we are witnessing that in 16 months the new factory opened its doors to about 70 new workers, that the investment worth about 15 million euros was realized in a very short period and that it is starting the annual production of as many as 70 thousand tons of tickets, worth foreign market about 175 million dollars. "A product of standardized quality, which is listed on stock exchanges from London to Chicago and whose value dictates the moves of the largest global corporations. Today, when we witness the six-year healthy operation of that production, it is easier than ever to say that the aluminium industry still has a lot to offer to Montenegro... The new 25 million euros, materialized in two new factories, raise the final product of the Montenegrin aluminium industry a step higher. Just as last year, we witnessed the first step forward - a fundamental change in approach, today we confirm the right path. The path to the production of final products, which, when we reach it, will be the final proof of the transformation of our industry into a modern, developed industry. Five decades of tradition and lessons learned from numerous trials, even some situations that seemed hopeless to us, but above all the determination, dedication and inventiveness of the current owner, Mr. Pejović and the management team, oblige all of us to treat the potential with special sensibility in the future. which is borne by aluminium production", said Marković.
"Such projects strengthen the Montenegrin economy and affect the improvement of the quality of life of our citizens," said President Đukanović.
Mr. Pejović pointed out that the ticket factory, together with the alloy factory, will reach a production whose export value is over 200 million per year. He also announced the start of work on the third factory.