SILMAK is a company created with aim to restart the activities of ex Jugohrom, whose main activities were production of ferroalloys which contains certain chemical elements such as silicon, chromium and magnesium for the needs of steel industry.
The production in Jugohrom was stopped in December 2001.
In 2002, The Macedonian Government conducted privatization of Jugohrom in cooperation with the french investment group SCMM.