Aluminij Industries
A Mostar-based aluminium producer established to lease and revive the production assets of the former Aluminij enterprise.
Last updated August 31, 2026
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Overview
Aluminij Industries is an aluminium-producing company based in Mostar, Bosnia and Herzegovina, and a subsidiary of M.T. Abraham Group. It was established in 2020 after the collapse of the operating model of Aluminij, a major Bosnian aluminium producer founded in 1975. The newer company does not represent a simple continuation of the original corporate entity; rather, it was created to lease and operate the predecessor's production assets following negotiations with Aluminij's shareholders and the Federation of Bosnia and Herzegovina. The predecessor, Aluminij, had long been among Bosnia and Herzegovina's most important industrial exporters. Its smelting operations stopped in July 2019 after the company accumulated substantial unpaid electricity bills owed to Elektroprivreda HZ HB. The resulting electricity cut-off halted production and triggered government discussions over a rescue and restructuring plan. In December 2019, M.T. Abraham Group announced an intention to restore the smelter's operations, improve efficiency, broaden production, and strengthen management. Aluminij Industries was subsequently formed in 2020 as the group's operating subsidiary. In April 2020, Aluminij Industries began leasing Aluminij's production assets under an agreement reached after negotiations involving the predecessor's shareholders, including the Federation of Bosnia and Herzegovina. The leasing arrangement provided a framework for restarting industrial activity without requiring the new operator to be identical to the financially distressed predecessor. The company's role has therefore been closely associated with the attempted revitalisation of Mostar's aluminium complex and the preservation of a strategically important industrial base. Publicly reported trade rankings indicate the company's importance to the Bosnian economy. In 2021, it was described as Bosnia and Herzegovina's second-largest exporter and largest importer. In 2022, it was reported as the country's largest exporter and second-largest importer. These rankings reflect the scale and international orientation of aluminium production and related input procurement, although the available reference material does not provide the underlying values or a detailed breakdown of products and markets. On 4 May 2023, Aluminij Industries signed agreements valued at $141.2 million with Glencore and Duferco. The announced projects covered a solar power plant, an aluminium recycling facility, and a new factory intended to produce green aluminium. The package suggests a strategic direction extending beyond conventional primary aluminium production toward renewable power, recycling, and lower-carbon manufacturing. The reference material does not establish the completion status, operating capacity, or commercial launch dates of those projects. Aluminij Industries is therefore best characterized as an active industrial operator and redevelopment vehicle centered on the Mostar aluminium complex, with a stated ambition to modernize production and expand into greener forms of aluminium manufacturing.
History
Aluminij Industries emerged from the crisis of Aluminij, a Bosnian aluminium producer established in 1975. For decades, Aluminij was one of Bosnia and Herzegovina's major industrial companies and exporters. Its operations depended heavily on electricity-intensive smelting, and the company encountered severe financial difficulties when it accumulated a large volume of unpaid electricity bills owed to Elektroprivreda HZ HB. In July 2019, the electricity supplier cut off power, forcing Aluminij to halt production. The shutdown prompted the Federation of Bosnia and Herzegovina, described as the predecessor's largest shareholder, to consider a rescue plan. In December 2019, M.T. Abraham Group announced that it planned to restore the smelter's activity through operational improvements, expanded production, and revised management. The group subsequently established Aluminij Industries in 2020 as its subsidiary and vehicle for operating the industrial assets. After negotiations among Aluminij's shareholders, including the Federation of Bosnia and Herzegovina, the parties accepted a revised offer from M.T. Abraham Group. In April 2020, Aluminij Industries began leasing Aluminij's production assets. The arrangement placed the Mostar aluminium complex under a new operating company while allowing the assets of the older enterprise to remain in productive use. The company's reported trade position grew quickly. In 2021, Aluminij Industries was identified as Bosnia and Herzegovina's second-largest exporter and largest importer. In 2022, it was reported to have become the country's largest exporter while remaining its second-largest importer. These rankings underscore the importance of aluminium production to the company's cross-border trade profile, although the available material does not give detailed revenue, volume, customer, or country-by-country market data. On 4 May 2023, Aluminij Industries announced agreements worth $141.2 million with Glencore and Duferco. The projects were described as including a solar power plant, an aluminium recycling facility, and a new factory for green aluminium production. The initiative indicates an attempt to combine the existing primary aluminium business with renewable energy and circular-material capabilities. The available reference does not confirm whether each project was completed, its eventual production capacity, or its precise financing structure. Aluminij Industries' documented history therefore centers on the transition from the financially distressed Aluminij enterprise to a new leased-asset operator, followed by plans to modernize and decarbonize the Mostar aluminium industry.
- 2023
Green aluminium development agreements
[1]Aluminij Industries signs agreements with Glencore and Duferco covering renewable power, aluminium recycling, and a green aluminium factory.
- 2022
Largest exporter in Bosnia and Herzegovina
[1]The company is reported as the country's largest exporter and second-largest importer.
- 2021
Second-largest exporter in Bosnia and Herzegovina
[1]Aluminij Industries is reported as the country's second-largest exporter and largest importer.
- 2020
Aluminij Industries begins asset lease
[1]The newly established subsidiary of M.T. Abraham Group starts leasing Aluminij's production assets in April.
- 2019
Aluminij halts production
[1]Production stops in July after accumulated electricity debt leads Elektroprivreda HZ HB to cut off supply.
- 1975
Aluminij is established
[1]The predecessor aluminium producer Aluminij is established and later becomes one of Bosnia and Herzegovina's major industrial exporters.
Products and positioning
An industrial aluminium producer focused on operating and modernizing the Mostar production complex, with announced expansion into renewable energy, recycling, and green aluminium.
Aluminium production · 2020
Primary aluminium
Primary aluminium is the company's core documented industrial activity through the leased production assets of the former Aluminij complex in Mostar. The available reference identifies Aluminij Industries as an aluminium-producing company but does not specify particular alloy grades, formats, production volumes, or customer sectors.
Aluminium recycling
Recycled aluminium
A recycling facility was included in the development agreements announced in 2023 with Glencore and Duferco. The project represents a planned expansion toward secondary aluminium and more circular production. The available source does not establish the facility's completion date, capacity, or commercial product range.
Lower-carbon aluminium
Green aluminium
A new factory for green aluminium production was part of the 2023 project package, alongside a proposed solar power plant. The initiative was presented as a way to develop lower-carbon aluminium production, but the available reference does not define the technical standard, certification, capacity, or operating status of the planned factory.
Brand decisions
2023
Invest in renewable power, recycling, and green aluminiumStrategyBackground
The company sought to expand and modernize its aluminium operations while addressing the energy intensity and environmental pressures associated with primary aluminium production.
Action taken
On 4 May 2023, Aluminij Industries signed agreements valued at $141.2 million with Glencore and Duferco for a solar power plant, an aluminium recycling facility, and a green aluminium factory.
Aftermath
The agreements established a public modernization and decarbonization direction, but the available reference does not confirm project completion or operating results.
Announced agreement value. $141.2 million (4 May 2023)
2020
Lease and restart the Mostar aluminium assetsStrategyBackground
The predecessor Aluminij had stopped production after an electricity-supply cutoff linked to unpaid bills. M.T. Abraham Group sought to preserve and revive the industrial complex through a new subsidiary.
Action taken
Aluminij Industries was established and began leasing the production assets in April 2020 after negotiations with Aluminij's shareholders.
Aftermath
The company resumed a central operating role in the Mostar aluminium complex and was subsequently reported among Bosnia and Herzegovina's leading exporters and importers.
Recent events
- 2023
Aluminij Industries signs $141.2 million development agreements[1]
M&A
Agreements with Glencore and Duferco covered a solar power plant, an aluminium recycling facility, and a new factory for green aluminium production.
- 2022
Aluminij Industries becomes Bosnia and Herzegovina's largest exporter[1]
Other
The company was reported as Bosnia and Herzegovina's largest exporter and second-largest importer.
- 2021
Aluminij Industries reported as Bosnia and Herzegovina's second-largest exporter[1]
Other
The company was reported as the country's second-largest exporter and largest importer.
- 2020
Aluminij Industries begins leasing Aluminij production assets[1]
Other
Following negotiations with Aluminij shareholders, including the Federation of Bosnia and Herzegovina, Aluminij Industries began leasing the predecessor company's production assets in April.
- 2019
M.T. Abraham Group announces plans to revive Aluminij operations[1]
Other
M.T. Abraham Group stated that it intended to revitalize the existing Aluminij smelter, improve operational efficiency, expand production, and strengthen management.
Sources1 sources
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