Klas: plans to boost exports by ten percent

Sarajevo / BA. (wib) Klas d.d., biggest flour milling and bakery company in Bosnia-Herzegovina, plans to boost exports by ten percent this year and start selling its products in retail chains in the European Union and Switzerland, the company´s general manager Ibrahim Smajlagic said in a statement. To achieve its goal, Klas will invest 25 million BAM (about 12,6 million EUR) to upgrade its bakery and confectionery facilities and build a new distribution centre. The company will also spend three million BAM (1,5 million EUR) in takeovers of local peers and six million BAM (three million EUR) in environment-friendly technology. The company´s exports in 2007 were worth 7,4 million BAM (3,7 million EUR), accounting for seven percent of its total sales.

About: Klas d.d. is a Bosnia and Herzegovina-based company engaged in the food industry. Its main activities include the development, manufacture and sale of food products (flour, bakery products, confectionery, noodles, pasta and medicinal herbs) and management of the company´s mills, bake houses and shops. The company sells its products on the domestic market (120 shops and 90 mini bakeries) and exports them to the European Union countries, the United States and the Middle East countries.

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