Head of Zelezara: HPK will get 30 percent of profit at best

SMEDEREVO - Head of Zelezara Smederevo Bojan Bojkovic has said that the steel company's profit will be divided with HPK Engineering, which will take no more than 30 percent.

The profit of the Dutch company, which took over the management of Zelezara Smederevo on Saturday, will depend on the revenue, and it could be 20-25 percent, with 30 as the maximum, while the rest would go to the Serbian government, he told Tanjug.

Bjokovic hopes that production and export will go up with the new management.

Zelezara is already making 12,000-15,000 tonnes of steel per month for the Serbian market and is expted to make more than 80,000 tonnes of finished product in March and another 90,000-95,000 tonnes in April, he stated.

Average monthly production in the company was 50,000-55,000 tonnes of finished product until recently, he pointed out.

Photo Tanjug, S. Radovanovic (archive photo, illustration)