Serbia Receives Green Investment for Industrial-Scientific Technology Park
BELGRADE, Serbia-(Business Wire)-September 29, 2009 - Serbia’s Deputy Prime Minister & Minister of the Economy, Mladjan Dinkic and Mr. Jan Driessens, former President of American company Ball Packaging Europe, said today that work will begin on constructing a $150 million aluminum recycling plant in the ancient city of Sremska Mitrovica, about 60 miles west of the Serbian capital.
The first phase of the project, called INDUSTRICUM, is set to be completed in January, 2010. It will initially employ 250 people and have the capacity to process 70,000 tons of aluminum per year. Plans call for a build-out of the plant by 2014, when it will have the capacity to process 150 tons of aluminum annually, employ 2,500 people and reduce Serbia’s electricity consumption by an estimated 1 million kilowatt hours a year. The electricity savings will translate to a cut in carbon dioxide emissions by 450,000 tons a year.
The plant, a former pulp and paper mill, will be opened in an industrial park in Sremska Mitrovica. This ‘green’ investment aligns Serbia with other developed countries in Europe, many of which agreed to move forward with environmental protection measures at the recent United Nations General Assembly meeting.
Jan Driessens is the prime driver of the project. Mr. Driessens currently represents the Quopa Sarl investment group from Switzerland, which is the largest investor in the INDUSTRIUM venture. He is the former president of Ball Packaging Europe, which completed one of the largest Greenfield investments in Serbia by opening a factory in Belgrade that quickly became the most successful of Ball Packaging’s 90 plants worldwide. Ball Packaging Europe Belgrade received the OECD’s award for the best Greenfield investment in southeastern Europe in 2004.
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