Cable Industry of Jagodina to retrieve reserved buyers through PPRP

Source: Tanjug Monday, 06.06.2016. 12:54
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General Manager of Cable Industry of Jagodina, one of 17 protected strategic companies, Ratko Vucurovic, stated on Friday, June 3, that the company would regulate its future operations through the Pre-Packaged Reorganization Plan (PPRP) and announced the retrieval, as he said, of reserved buyers and suppliers and increased production.

- Buyers and suppliers from which we were receiving advance payments dreaded May 30 and our potential bankruptcy due to the writings in the press. They were afraid that their assets would end up getting lost in the bankruptcy process, they were reserved, not all of them, but now they are returning and we expect to increase the production in the coming months – pointed out Vucurovic.

He says that the PPRP has been submitted to the Commerical Court and is now being processed and that the company meets all the conditions for the program to be adopted and for the company to operate in accordance with it in the next five years.

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