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Metalac Termochem launches production process

Metalac Termochem launches production process


The Niksic-based company Metalac, which was acquired on 1 August by Termochem from the Czech Republic, has launched the production process, planning to employ approximately 70 workers by the end of the year.

The Executive Director of Metalac Termochem, Zivorad Krsmanovic, says that the company currently has around 40 workers.

He said at a press conference that future hiring would depend on the scope of production, while the level of salaries would depend on the workload.

The majority of workers hired by the company are former Metalac employees, while their remaining number came from the labour market.

Krsmanovic said that Termochem had fulfilled all contractual obligations towards Montenegro and former workers.

He reminded that the Czech company had invested around €300,000 in revitalization of Metalac, and announced that the total investment would reach approximately €400,000 by the end of the year.

Source: MINA Business News


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