The deadline for potential buyers of a glass plant in Serbia is approaching.

Potential bidders have until this Friday September 30 to purchase the sales documentation (€6.000 euro) of the Serbian Glass Factory (SGF), located in Paracin, Serbia.

Then, the following Monday, October 3, is the deadline to deposit the guarantee which is 20% of the estimated SGF value.

Any potential bidders that miss this deadline will still have until Friday October 7 to submit a bid. But should a buyer make a deposit by October 3 it is possible that this bidder will secure the glass factory immediately.

The company has assets worth an estimated RSD,00 ($ 86.935.559,00).

As well as glass production, the company also owns the Plana limestone quarry, which provides for the factory's complete limestone requirements, as well as dolomite processing for its own needs, apartments, and stores in Belgrade, Paracin and other assets.

The plant includes two furnaces for colourless and coloured glass production – L5 (4 lines) & B1 (two lines), which have capacities of 230 tpd and 70 tpd respectively.

This includes all glass manufacturing equipment such as IS machine, the annealing lehr, inspection machinery, cold end and laboratory equipment. The plant is operational.

It was declared bankrupt in September 2020 and last summer a court declared that insolvency proceedings should begin.

The glassworks has been in operation since 1907, producing glass containers as well as glassware.

The public opening of bids will be held at 11:00am on October 7 at the SGF factory, 15 minutes after the deadline expires.