Serbia’s Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic and Jan Driessens, president of the Industricum Co., have signed an agreement on the sale of the bankrupt public company Matroz and a EUR 75 million investment for the construction of a new aluminum recycling factory.
The Industricum project will be the third such factory in Europe and the first in the region. The factory will be carried out in three stages in the period 2009–2012. Close to all the output will be exported and the new factory’s capacity will be 70,000 metric tons of recycled aluminum a year in the first stage and 150,000 metric tons a year in the second stage.
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 privatization of this company began in 2002.
Driessens, the prime driver of the project, represents the Quopa Sarl investment group, which is the largest investor in the Industricum venture.
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