Recycling and greening of the production process in Lipovica
Lipovica d.o.o. ·Croatia
About this project
<p style="text-align: justify"><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif"><span style="font-size: 9pt"><span style="font-family: "Verdana", sans-serif"><span style="color: #000000">Lipovica has a 50-year tradition in the production of aluminum radiators, but also other aluminum castings. The company has evolved over the years from simple manufacturing to serial production, conquering the market in Europe and the world and creating a recognizable name in the radiator market. It was state owned by Oct. 2021, and is now owned by VIS International GmbH, who has a vision to innovate its production with efficient and sustainable products, making Lipovica recognizable on the global level. </span></span></span></span></span></p> <p style="text-align: justify"><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif"><span style="font-size: 9pt"><span style="font-family: "Verdana", sans-serif"><span style="color: #000000">This project is about investment into key equipment that will enable the Company to start recycling of aluminum that it already uses in the production, to be able to reuse it in the production.</span></span></span></span></span></p> <p style="text-align: justify"><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif"><span style="font-size: 9pt"><span style="font-family: "Verdana", sans-serif"><span style="color: #000000">Even though Lipovica is already producing aluminum radiators and on the small scale spare parts for the automotive industry, the capacities of the Company, after installation of the aforementioned new equipment, and introduction of this new production process based on recycling will be significantly increased. </span></span></span></span></span></p> <p style="text-align: justify"><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif"><span style="font-size: 9pt"><span style="font-family: "Verdana", sans-serif"><span style="color: #000000">In addition, by recycling of aluminum, instead of purchasing primary aluminum for production, Lipovica will significantly shorten its supply chain. </span></span></span></span></span></p> <p style="text-align: justify"><span style="font-size: 11pt"><span style="font-family: Calibri, sans-serif"><span style="font-size: 9pt"><span style="font-family: "Verdana", sans-serif"><span style="color: #000000">It is expected that project will also lead to significant increase of Company’s revenues and profit. </span></span></span></span></span></p>