"Tigar" invests 11m EUR in expansion of production capacities

"Tigar" Corporation from Pirot announced that it would invest 11m EUR within the next two years in the expansion of productivity and production capacities.

According to the announcement, that amount does not include projected investments into program for production of automobile tires. Total level of investments into company “Tigar” in 2006 amounted to about 2.5m EUR.

The Administrative Board of the Corporation suggested to the Assembly of Stockholders that the dividends for year 2006 should be paid at the level of dividends that were paid for year 2005, when they amounted to 227.34 RSD per stock.