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Reading: Ammunition and Weapons Factory in BiH aims to Increase Production to 2.4 Billion Pieces
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Sarajevo Times > Blog > BUSINESS > Ammunition and Weapons Factory in BiH aims to Increase Production to 2.4 Billion Pieces
BUSINESS

Ammunition and Weapons Factory in BiH aims to Increase Production to 2.4 Billion Pieces

Published September 17, 2022
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The Minister of Energy, Mining and Industry in the FBiH Government, Nermin Džindić, with his colleagues, paid a working visit to the military industry factory ‘Unis Ginex’ in Goražde today.

Munevera Fočo, the managing director of the company, informed the Minister about the operations of the company, new investment projects, new production lines, and plans for the coming year.

“The turnover for the first six months was 30 million BAM. The number of workers has increased, close to 100 since last year. This is what we expected and received from Ginex,” said Minister Džindić.

“Increasing production from 1.6 billion to 2.4 billion pieces of products by the end of 2023 is a plan that certainly deserves respect. What is happening today in Ginex is the result of continuous work in accordance with the strategy and plans of the Ministry, and we expect such results in other factories of dedicated industry,” added the Minister.

After the meeting with Director Fočo, Minister Džindić visited the production lines where new technologies have been introduced that will increase safety in these extremely dangerous production facilities.

In the information, it was stated that last year this industry achieved a total income of 358,306,798 BAM, which is 38 more than the year before. The revenue generated from exports amounted to 280,802,785 BAM, which is an increase of 51 percent compared to 2020. Last year, special purpose industry companies in the FBiHmade a profit of 25,225,684 BAM, which is 46 percent more than the previous year.

In these companies, on December 31st, 2021 there were 3,770 employees, which is an increase of 0.02 percent.

At yesterday‘s session, the FBiH Government accepted information from the Federal Ministry of Energy, Mining and Industry on the approval of funds to overcome the current situation in the company Zrak d.d. Sarajevo. This ministry is in charge of preparing a decision for the next session of the FBiH Government on the allocation of 110,000 BAM for the payment of salaries to Zrakemployees, according to the available funds in the account of the Special Fund of the Development Bank of FBiH.

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TAGGED:#ammunition#BiH#bosnia#production
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