LONDON (July 18)—Serbian tire maker Ruma-Guma and rubber processor Vulkan DD Industrija Gume are among a group of 16 state-owned companies the Republic of Serbia said it will privatize. Investors will be offered 70 percent of shares in the rubber firms, which have been placed in a Transportation Parts and Products pool, under the privatization program. The manufacturers have been chosen "for their privatization potential and represent companies in which there is already considerable investor interest," the Serbian Ministry of Economy and Privatization said in a "Financial Times" advertisement. Ruma-Guma is based in Ruma and has the capacity to make about 950 agricultural and industrial tires daily. Vulkan is located in Nis and produces conveyor belts, technical goods, hoses, footwear and other rubber items.