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New investment in factory in Elmira
Belgrade,
9 July 2010
Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic announced a €1.5 million investment plan for the FSK Elmira synthetic rubber factory today.
After a tour of the factory, Dinkic stressed that this investment plan will help FSK improve its energy efficiency and increase export revenues from €30 million to €50 million this year.
The plan will be finalised in cooperation with the petrochemical industrial company HIP-Petrohemija, he noted, adding that ten new young workers will be hired in FSK very soon.
He said that the chemical industry is recovering since the demand on the international market is increasing, which is why the Serbian government is contemplating what has to be done to help this industry boost export revenues.
Dinkic specified that the factory currently produces 22,000 tonnes of synthetic rubber and other products, stressing that the capacity could be even further increased to exceed 35,000 tonnes.
FSK Director Milovan Eremic noted that over 80% of production is exported as there is a high demand for quality rubber, adding that the factory is part of the petrochemical complex and procures raw material from HIP-Petrohemija.
Production in Petrohemija was launched last year thanks to assistance from the Ministry of Economy and Regional Development, which in turn enabled an uninterrupted supply of raw materials to FSK.
The plan will be finalised in cooperation with the petrochemical industrial company HIP-Petrohemija, he noted, adding that ten new young workers will be hired in FSK very soon.
He said that the chemical industry is recovering since the demand on the international market is increasing, which is why the Serbian government is contemplating what has to be done to help this industry boost export revenues.
Dinkic specified that the factory currently produces 22,000 tonnes of synthetic rubber and other products, stressing that the capacity could be even further increased to exceed 35,000 tonnes.
FSK Director Milovan Eremic noted that over 80% of production is exported as there is a high demand for quality rubber, adding that the factory is part of the petrochemical complex and procures raw material from HIP-Petrohemija.
Production in Petrohemija was launched last year thanks to assistance from the Ministry of Economy and Regional Development, which in turn enabled an uninterrupted supply of raw materials to FSK.
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