Production at GIKIL records stable business results with projected growth by end of the year 

10/16/2019 9:52:00 AM

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Despite many difficulties the Company has faced with in the last two years, production in Global Ispat Koksna Industrija d.o.o. Lukavac (GIKIL) records stable business results.


During the nine months of 2019 Coke plant exported 340,000 tons of coke; while the planned export for the month of October represents an increase of 25 percent. The total planned export for 2019 is 500,000 tons, which represents the realization of business plan that follows last year's result.

‘’Considering that this was one of the most turbulent years in the steel and coke market, caused by the China-America trade war, the achieved production result can be considered as great success because we still managed to maintain our last year level, which was a record year for GIKIL’’, said Elvir Mukić, Deputy Director for Coke sales.

A similar trend in production was maintained in other plants as well. After several months of stoppage and after the basic environmental requirements are met, the youngest plant in GIKIL, the Maleic Anhydride (MA) plant, has been experiencing constant monthly productive growth.

‘’Thanks to the high product quality, similar to last year, GIKIL's MA has found its place among customers in 15 countries in the region and the worldwide, including France, Germany, Italy, Poland, Czech Republic, Slovakia, Turkey, Belgium, Greece and Switzerland”, said Ermin Čeliković, Deputy Director for CAN and MA sales.

Despite strong competition in the market, after the restart of production, Fertilizer plant has managed to maintain its status on the BH market and be the number one product with its CAN among domestic consumers when it comes to the use of fertilizers.

"All this has once again confirmed that farmers recognize the quality of our product, that they have positive experiences and, most importantly, excellent yields," Čeliković added.

In addition to BH market, as well as traditionally Croatia and Serbia, CAN has found its place among customers in Austria, Macedonia, Hungary, Italy, Montenegro and Slovenia this year.

According to Suad Imamović, Deputy Managing Director, by the end of the year, the plan is to continue production growth in all GIKIL manufacturing plants, thus maintaining the status of the largest exporter in Tuzla Canton, and one of the biggest exporters in BH on which list GIKIL is currently ranked as third.

Stable production, planned growth and development, as well as continued significant investment in environmental protection, will enable the protection of jobs, not only for the 1000 of direct employees, but also for the new employment, and a regular expansion of the business network, thus contributing to the development of Tuzla Canton and Federation of BH and economy of the country in general.

"The long-standing trust that GIKIL has built with its numerous customers and suppliers, 460 of them, provides a reliable support for concluding new stable business contracts, as well as regular settlement of obligations to our associates, as well as to the state and our employees whose salaries are still about 20 percent higher compared to the federal average", said Imamović.

According to data from 2018, GIKIL contributes with 1.1 percent in the total gross domestic product and 2.5 percent in Bosnia and Herzegovina's total annual export.

 

Global Ispat Koksna Industrija d.o.o. Lukavac