RiTE Ugljevik and China`s BNBM reached final agreement on plasterboard factory
Bosnian coal mining and energy company RiTE Ugljevik said it is about to complete talks with Chinese investor Beijing New Building Materials (BNBM) for the construction of a EUR 50 million (USD 59,5 million) plasterboard production plant.
The draft agreement has already been sent for approval to the government of Bosnia‘s Serb Republic, which is majority owner of RiTE Ugljevik, the company said in a notice earlier this month. RiTE Ugljevik would hold a 10% ownership stake in the future factory.
According to the plan, the factory will be built on an area of 12,5 hectares at an area adjacent to the company’s coal mine and power plant in Ugljevik and will employ about 100 people. The plasterboard plant will use gypsum derived as a by-product at RiTE Ugljevik’s recently built flue gas desulphurisation unit. The plant is expected to start operations in 2022.
LATEST issue 2/2021
Sustainable networking through business connect at Eurasia Packaging Istanbul Fair HYBRID+. Reed Tuyap Fairs Inc., organizer of the event, presented details on the hybrid format of the fair in 2021. Find more details here...
With nearly 30 000 employees in numerous established companies contributing approximately 40% to annual exports, North Macedonia has become a key manufacturing location in Eastern Europe for first and second tier suppliers to the automotive components industry...