NEWS
AD "SINVOZ" ZRENJANIN SEEKS A NEW OPPORTUNITY THROUGH STRATEGIC PARTNERSHIP WITH LOHR COMPANY FROM FRANCE
STRATEGIC PARTNERSHIP IS A SOLUTION FOR BANKRUPTCY
Zrenjanin, May 16 2008
Lohr Company from France suggests strategic partnership for the development of Lohr Zrenjanin, which would, in directed bankruptcy proceedings, undertake an obligation toward bankruptcy creditors.
Lohr Company intends to pay out all proved debts of AD Sinvoz as bankruptcy debtor and in this way take over proprietary rights over bankrupt estate without buying AD Sinvoz. Therefore, Lohr Company would fulfill the conditions for investment in the production development, from its own funds, for export and domestic market within the new Company Lohr Zrenjanin with headquarters in Zrenjanin.
It is estimated that, in the next 3 years, Lohr Zrenjanin would realize the production of special railway cars for passenger vehicle transport, as well as the projects for the production of urban transportation means, including the subway equipment with the most streamlined transportation means, as well as the manufacture of modern Lohr’s trams. In the revitalization process of metal industry in Zrenjanin, Lohr Zrenjanin would give strong impetus to development and enable direct and indirect employment in the operations.
The representatives of MWBU ‘’Nezavisnost’’ and small stockholders received these and other information in direct talks to representatives of ‘’Lohr’’ Backa Topola, and subject matter and the way of conducting the talks indicated the seriousness of ‘’Lohr’’ to revitalize AD Sinvoz from Zrenjanin.
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