Q:
A:
Ball Packaging Europe starts construction of Serbian beverage can plant
Belgrade,
4 May 2004
Serbian Minister of Economy Dragan Marsicanin laid the cornerstone of a new aluminium beverage can plan in Zemun Polje today, marking the official start of construction work on Ball Packaging Europe’s production facility in Serbia.
The plant, to be built under an investment totalling €75 million, is scheduled to start operations next May.
The factory will have a capacity to produce 2.5 million cans per year and will initially employ 120 workers, said Ball Packaging Europe Chairman and CEO Hanno Fiedler, adding that the Serbian plant will export the bulk of its output to Romania, Hungary, Bulgaria, Slovenia and Croatia.
Ball Packaging Europe, one of the world’s leading beverage can producers, will also set up an environmental protection foundation to confirm its environmentally responsible attitude in Serbia, Fiedler noted.
This will be the largest single greenfield investment in Serbia in the past three years and will help the country’s GDP pick up 0.5 percent in 2004, said Marsicanin.
The investment also reflects the fact that Serbia is becoming a stable, investment-friendly country, the Minister went on to say, adding that foreign investors can benefit from Serbia’s cheap labour force and its good transport links with Europe.
Serbian Prime Minister Vojislav Kostunica, Deputy Prime Minister Miroljub Labus, Minister of Finance Mladjan Dinkic, Minister of Science and Environmental Protection Aleksandar Popovic, Serbian parliament Speaker Predrag Markovic and Serbia-Montenegrin Minister of Defence Prvoslav Davinic attended the ceremony.
The factory will have a capacity to produce 2.5 million cans per year and will initially employ 120 workers, said Ball Packaging Europe Chairman and CEO Hanno Fiedler, adding that the Serbian plant will export the bulk of its output to Romania, Hungary, Bulgaria, Slovenia and Croatia.
Ball Packaging Europe, one of the world’s leading beverage can producers, will also set up an environmental protection foundation to confirm its environmentally responsible attitude in Serbia, Fiedler noted.
This will be the largest single greenfield investment in Serbia in the past three years and will help the country’s GDP pick up 0.5 percent in 2004, said Marsicanin.
The investment also reflects the fact that Serbia is becoming a stable, investment-friendly country, the Minister went on to say, adding that foreign investors can benefit from Serbia’s cheap labour force and its good transport links with Europe.
Serbian Prime Minister Vojislav Kostunica, Deputy Prime Minister Miroljub Labus, Minister of Finance Mladjan Dinkic, Minister of Science and Environmental Protection Aleksandar Popovic, Serbian parliament Speaker Predrag Markovic and Serbia-Montenegrin Minister of Defence Prvoslav Davinic attended the ceremony.
-
Obrenovac, 10 June 2025Trans-Balkan Corridor most important project for electricity transmission in region
-
Belgrade, 4 June 2025Improving business climate in agricultural, food sector
-
Belgrade, 3 June 2025First planning meeting ahead of Expo 2027 to be held 10-11 June in Belgrade
-
Belgrade, 3 June 2025Free Trade Agreement with UAE enters into force
-
Belgrade, 2 June 2025Capital infrastructure projects for further economic development of Serbia
-
Belgrade, 30 May 2025Draft proposal for minimum wage growth dynamics presented
-
Belgrade, 28 May 2025Talks launched with IMF under first review of ongoing non-financial arrangement
-
Belgrade, 22 May 2025Serbia joins Single Euro Payments Area
-
Belgrade, 16 May 2025Infrastructural connectivity with region, EU among priorities
