A contract was signed in Konjic on Monday between the BIH company Igman and the U.S. company Howell Machine, valued at approximately 30 million euro.
It is a contract by which BIH Company commits to deliver the agreed quantity of weapons, more precisely ammunition, produced in their plants within the next 24 months.
“The contract value is 30.26 million euros, and it relates to the basic types of products, for which Igman is well known. Cooperation began two months ago when we signed the first contract worth 15 million euros,” said the director of Igman Dzahid Muratbegovic.
According to him, the contract ensures work for employees in Igman's plants for the next two years, and the number of employed workers, from the current 820, will be further increased.
“The goal is to employ a four digit number of workers, and I hope that we will end the year with 1,000 of them. Starting today we will work in two and three shifts, including weekends,” Muratbegovic said.
President of company Howell Machine David Howell explained that this company owns seven different companies involved in the industry of ammunition.
“We chose Igman for cooperation for the reputation it has, its quality and the place they occupy in the market,” Howell said.
