HBIS to invest $120m in Serbian plant

HBIS to invest $120m in Serbian plant

Published at: 2019-07-25 10:18 | Author: CIJ Serbia
Chinese company HBIS is investing $120m to develop a new ecological plant in Smederevo, eastern Serbia. HBIS President Wang Lani, Chen Bo, China’s ambassador to Belgrade, and Serbian President Aleksandar Vucic attended the foundation stone ceremony. HBIS Group bought Serbian steel manufacturing conglomerate Zelezara Smederevo in 2016 and has since invested €150m into the company, which employs more than 5,000 people.

Similar Stories:

Škoda Auto opens high-tech, €214m paint shop in Mladá Boleslav
Škoda Auto opened a new paint shop at its main plant in Mladá Boleslav where it will coa  »
Alkaloid plans €11m North Macedonian expansion
Alkaloid is planning to invest €11m to expand its operations in North Macedonia. The mon  »
Škoda breaks July delivery record
If there's growing pressure on the Czech automobile sector, it's hard to tell by  »
Czech industrialists brace for no-deal Brexit hit
The Czech Confederation of Industry warns that the its members could lose CZK 30bn as a re  »
How does Bucharest’s investment market compare to Prague’s? There’s little compari   »
How much are you lending on infrastructure projects in Slovakia? How does it compare to ot   »
Should we believe people in the market when they say they’re working on five to six deal   »
Going into 2016, most observers assumed Czech retail assets would be a major investment ta   »