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Impol Seval ( sr, Импол Севал) is a Serbian
From 1950 to 1989, the company operated as part of SOUR Valjaonica Sevojno. SOUR Valjaonica Sevojno was the largest
aluminium
Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. I ...
manufacturing company headquartered in Sevojno
Sevojno ( sr-cyr, Севојно) is a town in western Serbia, a suburb of Užice. Administratively, it is one of two city municipalities which constitute the City of Užice. As of 2011, the town has 7,101 inhabitants.
History
City municipality ...
, Užice
Užice ( sr-cyr, Ужице, ) is a city and the administrative centre of the Zlatibor District in western Serbia. It is located on the banks of the river Đetinja. According to the 2011 census, the city proper has a population of 59,747. The C ...
, Serbia.
History
From 1950 to 1989, the company operated as part of SOUR Valjaonica Sevojno. SOUR Valjaonica Sevojno was the largest copper
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkis ...
manufacturer in the former Yugoslavia, while the aluminum production was secondary activity of the company. In 1990, it was reorganized and operated as Valjaonica bakra i aluminijuma Sevojno.
In 1991, the two mills were split from the company. The aluminum mill has operated since 17 January 1991 as independent aluminum mill Valjaonica Aluminijuma Sevojno. The other split company was the copper mill Valjaonica Bakra Sevojno. As of 2001, the company had 1,123 employees and production output of 9,159 tonnes of aluminum products.
In October 2002, the Government of Serbia
The Government of Serbia ( sr, Влада Србије, Vlada Srbije), formally the Government of the Republic of Serbia ( sr, Влада Републике Србије, Vlada Republike Srbije), commonly abbreviated to Serbian Government ( sr, ...
sold 70% of shares of the company to the Slovenian aluminum company IMPOL d.d. Slovenska Bistrica
Slovenska Bistrica (; german: Windisch-Feistritz) is a town south of Maribor in eastern Slovenia. It is the seat of the Municipality of Slovenska Bistrica, one of the largest municipalities in Slovenia. The area is part of the traditional regio ...
for a sum of 6.5 million dollar
Dollar is the name of more than 20 currencies. They include the Australian dollar, Brunei dollar, Canadian dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, U ...
s, with the obligation to invest 14.6 million dollars in production facilities. By 2007, the production output increased seven times, amounting to 64,000 tonnes of aluminum products.
In 2017, Impol Seval delivered 280 tonnes of aluminum for the roof reconstruction of the Russian biggest Luzhniki Stadium
Luzhniki Stadium ( rus, стадион «Лужники», p=stədʲɪˈon lʊʐnʲɪˈkʲi, ''Stadion Luzhniki'') is the national stadium of Russia, located in its capital city, Moscow. The full name of the stadium is Grand Sports Arena of the ...
, for the needs of 2018 FIFA World Cup
The 2018 FIFA World Cup was the 21st FIFA World Cup, the quadrennial world championship for men's national Association football, football teams organized by FIFA. It took place in Russia from 14 June to 15 July 2018, after the country was awa ...
. In November 2017, the president of IMPOL d.d. Jernej Cokl, stated that around 89 million euros has been invested in Impol Seval facilities over 15 years.
Market and financial data
As of 8 March 2019, Impol Seval has amarket capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.
Market capitalization is equal to the market price per common share multiplied by t ...
of 23.95 million euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
s.
Subsidiaries
This is a list of companies that operate as subsidiary of Impol Seval: * Impol Seval Tehnika d.o.o. * Impol Seval Final d.o.o. * Impol Seval PKC d.o.o. * Impol Seval President d.o.o.See also
* List of largest aluminum producers by output *Valjaonica bakra Sevojno
Valjaonica bakra Sevojno ( sr, Ваљаоница бакра Севојно) or Copper Mill Sevojno, is a Serbian copper manufacturing company headquartered in Sevojno, Užice, Serbia.
History
From 1950 to 1989, the company operated as part of " ...
References
External links
* Serbian companies established in 1991 2002 mergers and acquisitions Aluminium companies of Serbia Companies based in Užice Manufacturing companies established in 1991 Manufacturing companies of Serbia Serbian brands {{Serbia-company-stub