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Angjushev: With a loan of €1.5 million, Jugohrom will restart in June 2019

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After the government’s decision to provide a loan in the amount of €1.5 million for the Jugohrom plant in Jegunovce, during a visit to the factory, Vice Prime Minister for Economic Affairs Kocho Angjushev stated that the company can be profitable and workers can see their existence in Jugohrom.

“By granting the loan, an agreement for restarting Jugohrom was reached. The largest furnaces will work again and the company will work with 50% of its capacity. We think that is more than enough. As a condition for granting the loan, the owner had to firstly invest all of his assets, and then we would secure the rest. The plant must meet all environmental standards and the government will assist thought the Macedonian bank for development, which will conclude an agreement with the company, for building a filter for protection against pollution,” stressed Angjushev.

This is a loan with a mortgage that has a commercial interest. Jugohrom’s manager, Vasko Skenderovski sad that the company has perspective and this time it will meet the economic, environmental and social segment of its work.

“Until now, €1.8 million were invested and in the next 5 or 6 months, the granted 1.5 million will also be invested. This will help finishing the filter installation. According to optimal conditions the building is expected to finish by the end of April and then a “cold test” will follow after which during June the company should restart with its work. By the new year, 150 people should be rehired and then the remaining personnel,” said Skenderovski.

Jugohrom stopped working two years ago because it hadn’t built a filer installation by the deadline which was mandatory for the company to be granted an A integrated environmental licence for work.

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