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Chinese HBIS Group Interested In Zelezara Smederevo

by Marco Co

SMEDEREVO – Serbian Prime Minister Aleksandar Vucic said on Friday that the negotiations are underway between the government and strategic partner Hebei Iron And Steel (HBIS Group) from China which is interested in the only Serbian steel plant in Smederevo, located around 50 kilometers from Belgrade.

They are interested in investing at least EUR 300 million in galvanisation, Vucic said in Zelezara Smederevo where the second blast furnace was put into operation after four years.

Our condition is embodied in no employee dismissals, Vucic said addressing the plant staff.

Zelezara currently employs around 5,250 people, together with the branches in Sabac and Kucevo, and maximum production is evaluated at around 2.2 million tons annually.

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