Podgorica Aluminium Plant
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| Industry | Metallurgy |
| Founded | 1969 |
| Headquarters | Podgorica, Montenegro |
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Key people
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Yury Moiseev (CEO) |
| Products |
Aluminium Aluminium alloys Alumina |
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Number of employees
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1200 |
| Website | http://www.kap.me |
Aluminium Plant Podgorica (Montenegrin: Kombinat Aluminijuma Podgorica - KAP) (: ) is an aluminium smelter company, located on the southern outskirts of Podgorica, Montenegro.
Construction of an aluminium smelter in Montenegro was first proposed in the 1960s, when significant quantities of high quality bauxite ore were discovered near Nikšić. With the support from Pechiney, construction of KAP began in 1969, while production of aluminium began in 1971.
The KAP produces its own alumina, extracting it out of the bauxite shipped from the Nikšić bauxite mine. The factory also has its own production of pre-baked anodes. The smelter has an installed capacity of 120,000 tons of liquid aluminum per year.
KAP is connected by railway with bauxite mines near Nikšić and the Port of Bar, and the Podgorica Airport is only a few kilometers away.
The plant had its most difficult times during UN-imposed economic sanctions on FR Yugoslavia. During the sanctions, the production was reduced to 13% of capacity. In the period 1997–1999 KAP participated with 8.2–6.7% in GDP of Montenegro, and 65–67% in export for the same period. Most of the time, the KAP acquired necessary raw materials and spare parts from Glencore. The entire export was also conducted by Glencore. The company was one of the few Montenegrin companies to recover after the breakup of Yugoslavia.
On December 1, 2005, KAP was privatized. 65.4394% shares were sold to Salomon Enterprises Limited (later renamed CEAC – Central European Aluminum Company), a company based in Cyprus, for €48.5 million and obligations to invest over €50 million in its modernization and environmental upgrade. CEAC is fully owned by En+ Group, and even the negotiations on the sale were conducted directly between Oleg Deripaska and the then Prime Minister of Montenegro, Milo Đukanović.
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