Reports - Investments/Constructions/Real Estate

Definite decision on investing of Italian Danieli in Serbia in the next two-three months

Definite decision on investing of Italian Danieli in Serbia will be brought in the next two-three months, said operative director of that company Franco Alceta. "If we decide ti proceed with realization of this investment, construction of steel mill in Sabac would begin at the end of March 2013, while the first steel products intended for car industry would come out from the factory by the end of the first half of 2015", said Alceta.




According to his estimations, Danieli in Sabac could reach full production of 800 million euros anually, from the moment the factory is finished and in the next two years, therefore in 2017, mainly for export to central Europe. It is nearly 10 percent of current exports.

Serbia is attractive for Danieli, says Alceta, because costs of production are currently lower than in Italy. In addition, there are very good subsidies that Government gives as an incentive for foreign investments, he added.

Izvor : B92

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