FIPA Activities

Visit to companies Ingram Srebrenik and Tempoplast Ltd Srebrenik

2/13/2015

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Representatives of the FIPA Agency Nina Pobrić and Gordana Radović visited on 12 February 2015 companies Ingram Srebrenik and Tempoplast Ltd Srebrenik.
The meeting was also attended by representatives of the Municipality of Srebrenik Nusret Šerifović and Adnan Bjelić, and the representative of the USAID/SIDA GOLD project Jasmin Adilović.

The Director of the company Ingram Ltd Srebrenik Mr Hazim Bašić with his associates presented their experience when it comes to the business environment in BiH, and spoke about obstacles and problems faced by them in business and about their plans for further expanding.

Ingram Ltd Srebrenik has years of experience in the production of aggregates, lime, concrete and concrete products, and provides electrical, mechanical and transport services. It currently employs 170 workers. Within the company there are two factories: Lime factory and Concrete elements factory, as well as two mines: Surface mine "P.K. Drenik" and Surface mine "P.K. Duboki potok".

The company plans in the coming period to open a new factory for the production of dry mortar- facade and a new limekiln, and to expand existing capacities.

Visiting the company Tempoplast, the meeting was held with the Company Director Mr Fatih Yavuz and his associates. The company Tempoplast is a member of the international group consisting of companies Yavuz International Company from Turkey, then Yavuz Ltd Bosnia and Herzegovina, Tempoplast BiH and Tempoplast Serbia.

The company is producing quality and innovative the PVC joinery. In the last period, it continued to expand its activities and investments in Bosnia and Herzegovina, so that it is soon expected to open a new factory in Živinice and Brčko. Its products are exported to the markets of Croatia, Serbia, Italy, Austria and Singapore.

The company points out that the qualified workforce, safe environment, proximity to the market of the European Union, and bilateral agreements represent the advantages of Srebrenik, but also of the entire BiH in attracting potential investors.

 This visit was realized through the Network of cooperation for post-investment support to foreign investors in BiH.

Testimonials & Success Stories
 

Global Investment Promotion Best Practices 2012 of the World Bank has cited one example of support that FIPA provides to foreign investors who are running business in Bosnia and Herzegovina in order to contribute to increase the flow of foreign capital in the country.

The article said:  

„The Foreign Investment Promotion Agency (FIPA) of Bosnia and Herzegovina was an early convert to the idea of providing facilitation services to agribusiness investors as a way to maximize the positive impact of agriculture on the economy.

In 2007, for example, FIPA assisted a Dutch food processing company establish a US$1.6 million production facility to process unused milk ingredients into value-added products in Sarajevo to sell to markets in Eastern Europe and the Middle East.

As part of its aftercare program, FIPA assisted the company with its expansion plans. Among other things, the agency helped facilitate veterinary permissions, navigate various bureaucratic hurdles and played an important role in securing funding for the company’s expansion. It also helped develop a network of local suppliers and customers. As a result of these efforts, the Dutch investor developed stronger links with the Bosnian economy, thus increasing the positive spillover effects on the local economy.

Currently a new investment to establish a drying facility for milk powder is under way. This will further expand the processing facilities of unused milk ingredients. This additional planned investment is worth approximately US$2.8 million, thus nearly trebling the company’s original investment in the country“.

 

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