Kosovo tube factory privatized for €3.6 million

Prishtina, 11 December 2006 – Dailies report that the Tube Factory in Ferizaj was sold for €3.6 million. The investor committed to invest €13.2 million in the enterprise and hire 360 workers.

The factory’s workers and the management said the enterprise was sold at a very low price. They say they would complain at the KTA Board and ask for the privatization to be cancelled.

Beqir Fejzullahu, enterprise’s Board Director, says there were many world-known companies interested in purchasing the enterprise. Meanwhile, sources told Express that the raw material and products found in the enterprise right after the war were estimated at €20 million.