Small houses and drills for Libyan market - "Jugoalat" negotiates with foreign countries

"Jugoalat" can't wait to see the concept of the contract made by its business partner from Libya, which is interested in placing an order with the Novi Sad-based tool factory for drilling kits for oil and water and containers, that is, small houses for building sites - said Spasoje Jakovljević, the President of the Administrative Board and majority owner.

Negotiations with Croatian business partner from Daruvar on making "Jugoalat" a general agent in Croatian market are underway.

- Many local buyers do not even know that we are back in business. However, local industry does not have money, so that we are now more focused on foreign countries - says Jakovljević and complaints that the factory must wait for a long time to get the money for the goods it delivers to the local market.

There are, currently, 130 workers in "Jugoalat". They are still working for minimum wage, and they expect to start receiving salaries every month starting December 2009. For the sake of creation of better working conditions, the employees in production sector have got the new toilets with shower booths and new lockers.

- We have hired 30 new workers, and the plan is that "Jugoalat" has 500 employees. We also plan to open a welding school. The project has been finished and the negotiations with bankers to support us financially are in progress. We also want to open a students' dormitory for the students of Technical Faculty on the grounds of "Jugoalat" - Jakovljević points out.