When will Ferronikli's production resume?

When will Ferronikli's production resume?

Ferronikli Metallural complex is expected soon to resume production, workers' representatives say. On July 23rd, Ferronikli was purchased by the “Balfin” group from Albania, and the new owners had promised that production would start very soon, but did not specify any date. Ferronikli Company, located in Drenas, has suspended production in April [...]

On July 23rd, Ferronikli was purchased by the “Balfin” group from Albania, and the new owners had promised that production would start very soon, but did not specify any date.

The Ferronikli company, located in Drenas, has suspended production in April of this year because of the year Financial Problems With which the previous owner was confronted.

The complex includes an nicotine production plant, as well as potentially mineral-rich deposits.

But, Fehmi Nica, chairman of the Workers Union, told Radio Free Europe that from today this company has officially started working, and from Wednesday, according to him, production will begin. As for the technical situation, Nica says the company is in regular condition.

“Today workers have been returned in exchanges that were previously”, Nica said.

Regarding the resumption of production, there is still no official confirmation from the new company that has taken over this economic giant.

By July, the company managed the company London-based NKL Limitetão, which will control 100 percent of the industrial company's shares.

Part of this company is Group “Balfin” from Albania, a group that has announced it will own the Ferronic share through company NKL Limited '%s' has pledged to immediately invest sufficient funds to restore production full capacity within August.

Dranas Mayor Ramiz Ladrovci hopes the new owner will revive this complex, resulting in improvement Economic situation In this municipality.

In order to resume the faster production of this complex, Ladrovci tells Radio Free Europe that any requests made in the municipality by the new owner have been met with rapid procedure.

Everything that was asked of Ferronik's management we helped. We have helped them with favor, the completion of necessary documents with rapid procedure. We are willing to cooperate in the future just so that the Ferronikli company can start working as fast as it can, says Ladrovci.

Even the workers of the complex, numbering over 800, hope that the new owner will revive this company by restoring production at full capacity and paying off the financial debts the company has mainly to private contractors, says union chairman Fehmi Nica.

“We believe that production capacity will increase more than it was”, Nika says.

The new company is planning to carry out additional investments in Ferronikel, so that the potential of the mining sector in Albania and Kosovo can be put to full use and increase the ninikel production from 7,200 tonnes annually to over 10,000 tonnes per year.

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