Slovenian car parts manufacturer Cimos intends to restart production at its domestic sites at the end of April and the beginning of May, local media reported.
According to trade union representatives at Cimos, the company will resume production operations at its plant in the southwestern town of Senozece on 27 April while its factories in Maribor and Vuzenica will reopen on 4 May, state news agency STA reported.
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Cimos suspended production at the beginning of April due to the ongoing coronavirus pandemic, SeeNews said.
SeeNews noted that, last year, local media reported Italian investment firm Palladio Holding Group was considering the sale of Cimos which its unit TCH Cogeme acquired in May 2017 from Slovenia's 'bad bank', DUTB.
TCH Cogeme paid EUR100,000 for the then troubled car parts manufacturer and put a further EUR18.3m into the company's recapitalisation.
Cimos manufactures mainly turbo compressor and turbine housings, power train components, chassis and car body parts.
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By GlobalDataThe company has factories in Slovenia, Croatia, Bosnia and Serbia.
