"Tigar" from Pirot has sold the goods in the value of 63 millions EUR in only six months

Source: Tanjug Thursday, 01.01.1970. 22:58
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Pirot's corporation "Tigar" has sold the goods in the value of 63 millions eur in the first six months of 2006, out of which 51 millions were made out of export.

During the 2005 in the same period "Tigar" reached a profit of 46.2 millions EUR, 4.8 millions less than this year.

"Tigar" will be the first domestic company which would have finished its capitalization by the end of 2006, with the emission of the new 25% of the shares and with its sale by public licitation. In this way, without taking credits and bank loans, it will secure the funds necessary for financing of the developing projects worth 12 millions EUR.

It is the matter of modernization of the factory "Tigar-footware", expansion of the network of servicing centers, building of a recycling plant, development of the industrial park "Free Zone Pirot", whose majority owner is Tigar, and also imrpovement of touristic offer and introduction of new software package SAP.

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SAP
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