The business operations of all members of the Group are stable and transparent, in compliance with all legal requirements, which have been confirmed by numerous inspections by all competent institutions in the past few years, while international auditing companies have confirmed the credibility of annual financial statements from the past years. C.I.O.S. group has the important business and social role, both domestically and in the region, as a member of one of the largest groups for metal recycling in the world. The attention of the Management Board and employees is directed towards increasing the effectiveness of operations and further ensuring the sustained profitability of business operations.

All members of the C.I.O.S. group are operating normally, regardless of the absence of the President of the Management Board of C.I.O.S. Petar Pripuz, nor have received any document out of which could be concluded that any Group company member is in scope of the Decision upon conduction an investigation.

The absence of the President of the Management Board has not, nor will affect the regular business operations. Each member of the Group in their business domain is operating normally and fulfilling all their contractual obligations towards partners, creditors and the government.

C.I.O.S. d.o.o. (Ltd) is the leading regional company for disposal and primary processing of industrial waste and domestic as well as foreign trade. It was established in 1991. During the last twenty years it has developed into the leading regional group for collecting and recycling ferrous and steel scrap, as well as other waste materials with predominant metal component. Member of C.I.O.S. Group are active in Croatia, Slovenia, Serbia, and Bosnia and Herzegovina. At more than 80 sites in the region, it processes more than 1,1 million tons of waste, and employes two thousand workers, out of that more than one thousand in Croatia.

Major C.I.O.S. Group owner is German Scholz Group, which has got annual income of more than 3 billion euro, doing business at more than 500 locations in more than 20 countries. With more than 100 members worldwide, Scholz Group is globally the second largest corporation in the field of recycling and processing of secondary raw material, which processes almost 8 million tons of meral scrap annually. Business share of Scholz Group in C.I.O.S. d.o.o. is 51.43%, and C.I.O.M. d.o.o. from Zagreb holds 48.57%. The seat of C.I.O.S. is in Zagreb at Josipa Lončara 15.

C.I.O.S. Ltd is the governing company of C.I.O.S. Group members. Owners of the C.I.O.S. Group has invested significant means in building of an unique network of recycling centres, in development and employment of quality staff, and in the installation of the most advanced equipment for metal scrap processing and waste management, aimed at raising efficiency of metal scrap processing and yielding higher quantity of secondary raw material.

Scholz Group

The quality of operation, capital strength and competitiveness of C.I.O.S. Group is strongly contributed by the ownership of German Scholz Group, which is the top three global companies for recycling steel and other metal scrap. Scholz Group has got numerous companies worldwide, employs approximately more than 6 thousand workers. Scholz Group is managed by owners from the Scholz family for five consecutive generations, since the foundation of the company in 1872, when the first Scholz company was founded.

www.scholz-ag.de