Q:
A:
Ball Packaging Europe to open €75 million can plant in Serbia
Belgrade,
30 March 2004
Ball Packaging Europe, the world's leading beverage can producer, has decided to build a plant in Serbia under an investment exceeding €75 million.
Author:
FoNet
The announced greenfield investment proves that major investors see Serbia as a safe market, Serbian Deputy Prime Minister Miroljub Labus told a press conference yesterday. Following a meeting with representatives of Ball Packaging Europe, operating as part of the Ball Group, Labus said that the government will eliminate all legal and red tape obstacles hampering operations of foreign investors in the local market.
The construction will start in early May, said Ball Packaging Europe Chairman Jan Driessens, noting that the total investment will amount to €75 million. Around €25 million will be appropriated for local firms to be engaged in construction, he added.
The new plant will initially employ between 100 and 150 workers, Driessens went on to say, adding that the company's experience from Poland shows that ten times as many workers should be engaged in packaging, transport and other parts of the production cycle.
The Serbian plant will export between 70 and 80 percent of output, he said, noting that Ball Packaging Europe will also build ten waste recycling centres.
The announced investment will help Serbia's GDP grow a further 0.5 percent, said Serbian Minister of Finance Mladjan Dinkic, stressing that the country must attract fresh investment to pave the way for further economic growth.
The construction will start in early May, said Ball Packaging Europe Chairman Jan Driessens, noting that the total investment will amount to €75 million. Around €25 million will be appropriated for local firms to be engaged in construction, he added.
The new plant will initially employ between 100 and 150 workers, Driessens went on to say, adding that the company's experience from Poland shows that ten times as many workers should be engaged in packaging, transport and other parts of the production cycle.
The Serbian plant will export between 70 and 80 percent of output, he said, noting that Ball Packaging Europe will also build ten waste recycling centres.
The announced investment will help Serbia's GDP grow a further 0.5 percent, said Serbian Minister of Finance Mladjan Dinkic, stressing that the country must attract fresh investment to pave the way for further economic growth.
-
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
