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Serbia - Deadline extended for offer for ISP glass factory

Post Time:Feb 18,2009Classify:Company NewsView:311

Serbia’s Privatization Agency (

Under the terms of the tender, offers will be considered only from companies active in glass manufacturing or trade over the past three years with at least 4 million euro in annual revenue. The two previous attempts to sell ISP failed – both with Greek Yioula Glassworks being the sole bidder for the Serbian glass maker.

Founded in 1930, ISP had a net loss of 2 million euros in 2007, down from 3.3 million euros in 2006.  It produces flat glass, glass castings, safety glass for vehicles and glass items for medical packaging.  Its assets also include 150,000 square meters of land in Pancevo.

Source: Balkans.comAuthor: shangyi

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