Swiss Holcim Opens €2m Concrete plant in Serbia

Holcim on Tuesday opened a €2m (US$2.5m) concrete factory in Serbia’s capital Belgrade, local media reported.

The factory, the first of its kind in the country, has an output capacity of 100,000 cubic metres of concrete a year, the state broadcaster RTS said.

Holcim plans to open two other concrete factories in Belgrade in the next few years.

The Swiss company bought Serbian cement plant Novi Popovac five years ago for some $60 million. Its investments in the landlocked southeast European country are expected to reach €90m by the end of this year.