Aluminium Plant Podgorica

Combine Aluminijuma A.D. Podgorica ( KAP abbreviation ) is a company domiciled in the Montenegrin capital, Podgorica.

History

In 1968, the establishment of an aluminum plant in Podgorica was decided. The implementation and funding of this project, the former French industrial group Pechiney was heavily involved. Construction of the plant began in the following year, and production started in 1971. The production capacity was at start of production 50,000 tons of aluminum a year and has already been reached in 1973 after which the operation expanded and was expanded to an annual quantity of 200,000 tonnes of aluminum.

In 1976 the company acquired a lime plant in Spuž, a small town near Danilovgrad in Montenegro. In the following years the aluminum plant was expanded again in 1983 and began production at a new plant and in 1984 adopted a new forging its operation.

In the 1980s KAP continued to invest in new production and in 1986 founded the Aluminum Research and Development Institute by using the United Nations Industrial Development Organization and the United Nations Development Programme.

2004, the Company sold the lime works in Spuž. The following year, the majority of the shares in KAP was supported by the Central European Aluminum Company, a subsidiary of Russia's En Group, acquired. As a result of the acquisition of the new majority shareholder led modernization measures with a volume of several million euros.

Business

The Combine Aluminijuma Podgorica is listed on the Montenegro Stock Exchange. The three largest shareholders are CEAC Holdings Limited ( 29.36 percent), the state of Montenegro ( 29.36 percent) and AdCapital Montenegro ( 14.69 percent).