Impol Seval


Impol Seval is a Serbian aluminium manufacturing company headquartered in Sevojno, Užice, Serbia.

History

From 1950 to 1989, the company operated as part of "SOUR Valjaonica Sevojno". "SOUR Valjaonica Sevojno" was the largest copper manufacturer in the former Yugoslavia, while the aluminum production was secondary activity of the company. In 1990, it was reorganized and operated as "Valjaonica bakra i aluminijuma" Sevojno.
In 1991, it was split from the company and operated since 17 January 1991 as independent aluminum mill "Valjaonica Aluminijuma" Sevojno. The other split company was copper mill "Valjaonica bakra" Sevojno. As of 2001, the company had 1,123 employees and production output of 9,159 tonnes of aluminum products.
In October 2002, the Government of Serbia sold 70% of shares of the company to the Slovenian aluminum company "IMPOL d.d." Slovenska Bistrica for a sum of 6.5 million dollars, with the obligation to invest 14.6 million dollars in production facilities. By 2007, the production output increased seven times, amounting to 64,000 tonnes of aluminum products.
In 2017, Impol Seval delivered 280 tonnes of aluminum for the roof reconstruction of the Russian biggest Luzhniki Stadium, for the needs of 2018 FIFA World Cup. In November 2017, the president of IMPOL d.d. Jernej Cokl, stated that around 89 million euros has been invested in Impol Seval facilities over 15 years.

Market and financial data

As of 8 March 2019, Impol Seval has a market capitalization of 23.95 million euros.

Subsidiaries

This is a list of companies that operate as subsidiary of Impol Seval: