FIPA Activities

GLOBAL ISPAT KOKSNA INDUSTRIJA D.O.O. LUKAVAC (GIKIL)

12/2/2011

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As a part of aftercare program and support to foreign investors in BiH, FIPA representatives on November 21, 2011 have visited the company Global Ispat Koksna Industrija placed in Lukavac and had a meeting with the company’s Management.

As a part of aftercare program and support to foreign investors in BiH, FIPA representatives on November 21, 2011 have visited the company Global Ispat Koksna Industrija placed in Lukavac and had a meeting with the company’s Management.

Global Ispat Koksna Industrija doo Lukavac (GIKIL) is the partnership between Global Steel Holdings (GSHL) headquartered in Dubai and Coke and Chemical Conglomerate (Koksno-hemijski kombinat) which is state owned by Bosnia and Herzegovina.

GIKIL is the leading metallurgical coke producer in the Region. Univerzal, Premium and Special are the three widely famous GIKIL's brand of metallurgical coke, while their offer also includes Nut coke and Coke breeze. GIKIL is also reputable supplier of crude tar, ammonium sulphate, crude benzene, anhydride maleic acid and mineral fertilizers.

The company has more then 1 000 employees and the whole complex with its five plants covers an area of over 1km².

As an advantage for investing in BiH, they emphasize the good and quality labour force and in the following years they plan to increase their production by new investments.

According to the company’s Management, the foreign investors are satisfied with doing business in Bosnia and Herzegovina, but they consider that their business results would be even much better with certain improvement in investment environment.

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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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