Remington, Zastava suspend deal

U.S. gunmaker Remington has suspended until further notice its cooperation with the Zastava Oružje (Zastava Arms).

Izvor: Tanjug

Wednesday, 19.11.2008.

21:41

Default images

U.S. gunmaker Remington has suspended until further notice its cooperation with the Zastava Oruzje (Zastava Arms). The decision came due the global financial crisis and the U.S. company's 35 percent sales drop, Zastava Oruzje Director Rade Gromovic told Tanjug on Wednesday. Remington, Zastava suspend deal "Remington informed us that they cannot meet their contractual obligations and proposed that we continue exporting to the U.S. market via their partner, European America, with whom we are negotiating to define the form of cooperation in December," Gromovic stated. According to him, over the past three years, the Kragujevac-based weapons manufacturer has exported over 40,000 pieces of hunting and sports weapons and small-caliber rifles, via its partnership with Remington. "This year, the global financial crisis forced us to export about UDS 1mn, which is USD 2.2mn down on what was planned," Gromovic set out. Three years ago, the Serbian company and Remington signed a five-year contract and, since cooperation is now on stand-by, as he put it, the two companies "no longer have any obligations towards each other, nor do they have to bear the consequences of the frozen cooperation". Zastava Oruzje will end this business year with revenues of USD 26mn, USD 22mn from exports.

Remington, Zastava suspend deal

"Remington informed us that they cannot meet their contractual obligations and proposed that we continue exporting to the U.S. market via their partner, European America, with whom we are negotiating to define the form of cooperation in December," Gromović stated.

According to him, over the past three years, the Kragujevac-based weapons manufacturer has exported over 40,000 pieces of hunting and sports weapons and small-caliber rifles, via its partnership with Remington.

"This year, the global financial crisis forced us to export about UDS 1mn, which is USD 2.2mn down on what was planned," Gromović set out.

Three years ago, the Serbian company and Remington signed a five-year contract and, since cooperation is now on stand-by, as he put it, the two companies "no longer have any obligations towards each other, nor do they have to bear the consequences of the frozen cooperation".

Zastava Oružje will end this business year with revenues of USD 26mn, USD 22mn from exports.

Komentari 1

Pogledaj komentare

1 Komentari

Možda vas zanima

Ukrajinci saopštili: Obustavljamo 25
Svet

Ukrajinci saopštili: Obustavljamo

Ukrajinske vlasti saopštile su večeras da su obustavile svoje konzularne usluge u inostranstvu za muškarce starosti od 18 do 60 godina, pošto je ukrajinska diplomatija najavila mere za vraćanje u zemlju onih koji mogu da idu na front.

21:57

23.4.2024.

1 d

Podeli: