Important dates

  • 1968 - Signed contracts on financing, engineering and technical assistance with the Pechiney company from France.
  • On 12 February 1969 construction of the aluminum plant (KAP) had started .
  • 1971 - Primary aluminum capacities commissioned, whose full production capacity of 50.000 t were achieved at the end of 1973
  • 1972 - Alumina Refractory started its production (200.000 t capacity).
  • 1975 - Cold Rolling Mill commissioned.
  • 1976 – Lime Factory, that was put into operation in 1973, was affiliated to KAP.
  • 1977- Downstream facility commissioned: aluminum foil rolling mill, production of packaging materials, aluminum extrusion plant.
  • 1983 - Foundry alloy cast house was commissioned on the basis of secondary aluminum – secondary smelter.
  • 1984 - Forging plant based on aluminum alloys was commissioned - forging plant.
  • 1985 - Aluminum conductors plant (Al-Fe cables and drawn wire) was commissioned.
  • 1989 – Plant producing wallpapers and packaging material from paper was affiliated to KAP.
  • 1990 – Initial capacities for pressurized casting were commissioned.
  • 1991- Bicycle wheels’ factory was commissioned.
  • 1999 - KAP was organized in four segments: Alumina Refinery and primary aluminum production facilities; Downstream facility; Forging Plant; Cable Factory (Kolašin)
  • 2001 – Management over Baked Anode Plant was taken over from KAP by three companies: Vektra Podgorica, Venko, Houston, USA, and CTI, Miami, USA; management was overtaken during the 7-year period.
  • 2004 – Lime Plant in Spuž was purchased by Šišković Company.
  • 2005 – Having purchased majority shares package, CEAC became the owner of KAP and took over property management on 1 December 2005, including: Alumina Refinery, primary aluminum production facilities, Smelter, cast house and Secondary smelter, downstream facility, Forging Plant and Cable Plant in Kolašin.
  • 2006 - CEAC (Central European Aluminum Company) started implementation of the 5-year investment program for KAP’s modernization.
  • 2007 – Baked anode plant, formerly managed by Anotech Corporation, BVI, were transferred into KAP’s possession.
  • 2009 – Production of Alumina refinery temporarily stopped.
  • 2010 - CEAC and the Government of Montenegro entered into the Settlement Agreement, KAP became a plant with the greatest share in gross domestic product and export of Montenegro.
  • 2013 –Bankruptcy proceedings were instituted against KAP on 8 July 2013.
  • In the course of bankruptcy proceedings from 9 July 2013 to 18 July 2014, production was organized by Montenegro Bonus Cetinje.
  • Pursuant to the Contract on sale of KAP's assets dated 10 June 2014, Uniprom had bought KAP's assets (excluding red mud pond). Uniprom has also been organizing production at KAP in bankruptcy since 19 July 2014.