Investment & Fund Management
European Investment Fund Partner
Full Credential Description
Alu-point, a company based in Sarajevo specializing in the production and export of aluminium windows, faced the challenge of scaling its operations while maintaining high-quality production standards. Founded by Taib Hido, who transitioned from a career in hospitality to window manufacturing, Alu-point needed to enhance its production capabilities to compete effectively in the market. The company had established a solid client base, including significant partnerships with clients in Belgium, Germany, Norway, and the UK, but required advanced machinery to improve efficiency and product quality.
To address these niche issues, Alu-point secured an EU-guaranteed loan from ProCredit Bank in 2018, which was specifically utilized to purchase state-of-the-art computer numerical control (CNC) machinery. This investment was pivotal, as it provided Alu-point with a competitive edge in the market. The CNC equipment allowed for faster production times, higher quality outputs, and greater precision in manufacturing, which are critical factors in the metal construction industry.
As a result of this tailored solution, Alu-point experienced steady revenue growth and anticipates recouping the investment costs for the machinery within five years. The enhanced production capabilities not only positioned the company for sustainable growth but also ensured job security for its 30 employees during challenging economic times. Taib emphasized the importance of maintaining production and timely payments to employees, highlighting the company's commitment to its workforce amidst broader economic difficulties.