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New aluminium recycling factory to open in 2011
Sremska Mitrovica,
30 September 2009
Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic and President of the Industricum Company Jan Driessens today signed an agreement on the sale of the bankrupt public company Matroz and a €75 million investment for the construction of a new aluminium recycling factory.
The factory will immediately employ 250 new workers, while another 2,500 will be indirectly engaged in accompanying activities.
This Industricum Company project will be the third such factory in Europe and the first in the region of Central, Eastern and South-Eastern Europe. This will be an entirely ‘green’ factory whose construction will be carried out in three stages in the period 2009–2012.
Almost the entire output will be exported and the new factory’s capacity will be 70,000 tonnes of recycled aluminium a year in the first stage and 150,000 tonnes a year in the second stage.
Only 5% of the energy needed to extract aluminium from ore is used in the recycling process. The annual carbon-dioxide emission will be reduced by 450,000 tonnes thanks to aluminium recycling.
Following the signing in Sremska Mitrovica Dinkic stressed that this is a completely clean technology, adding that Serbia has the support of European Commission bodies on this matter.
We have made an important step today towards a new beginning for Matroz, a factory that has been bankrupt for several years, Dinkic said, recalling that restructuring and privatisation of this company began in 2002.
After three failed privatisation attempts, the bankruptcy procedure was launched in 2007 because of accumulated debts of over RSD 12 billion.
The most important thing is to bring investment and new jobs to Sremska Mitrovica, Dinkic said.
He stressed that Industricum’s offer of €2.86 million for Matroz is the highest offer made so far.
Dinkic also thanked the president of Industricum and recalled that Driessens, who was general manager of Ball Packaging for Europe, received a Serbian government award for the first and largest greenfied investment in Serbia in 2005.
This Industricum Company project will be the third such factory in Europe and the first in the region of Central, Eastern and South-Eastern Europe. This will be an entirely ‘green’ factory whose construction will be carried out in three stages in the period 2009–2012.
Almost the entire output will be exported and the new factory’s capacity will be 70,000 tonnes of recycled aluminium a year in the first stage and 150,000 tonnes a year in the second stage.
Only 5% of the energy needed to extract aluminium from ore is used in the recycling process. The annual carbon-dioxide emission will be reduced by 450,000 tonnes thanks to aluminium recycling.
Following the signing in Sremska Mitrovica Dinkic stressed that this is a completely clean technology, adding that Serbia has the support of European Commission bodies on this matter.
We have made an important step today towards a new beginning for Matroz, a factory that has been bankrupt for several years, Dinkic said, recalling that restructuring and privatisation of this company began in 2002.
After three failed privatisation attempts, the bankruptcy procedure was launched in 2007 because of accumulated debts of over RSD 12 billion.
The most important thing is to bring investment and new jobs to Sremska Mitrovica, Dinkic said.
He stressed that Industricum’s offer of €2.86 million for Matroz is the highest offer made so far.
Dinkic also thanked the president of Industricum and recalled that Driessens, who was general manager of Ball Packaging for Europe, received a Serbian government award for the first and largest greenfied investment in Serbia in 2005.
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