Ball Packaging Europe to open €75 million can plant in Serbia
Ball Packaging Europe, the world’s leading beverage can producer, has decided to build a plant in Serbia under an investment exceeding €75 million.
The announced investment will help Serbia’s GDP grow a further 0.5 percent, said Serbian Minister of Finance Mladjan Dinkic, stressing that the country must attract fresh investment to pave the way for further economic growth.
The announced greenfield investment proves that major investors see Serbia as a safe market, Serbian Deputy Prime Minister Miroljub Labus told a press conference yesterday. Following a meeting with representatives of Ball Packaging Europe, operating as part of the Ball Group, Labus said that the government will eliminate all legal and red tape obstacles hampering operations of foreign investors in the local market.
The construction will start in early May, said Ball Packaging Europe Chairman Jan Driessens, noting that the total investment will amount to €75 million. Around €25 million will be appropriated for local firms to be engaged in construction, he added.
The new plant will initially employ between 100 and 150 workers, Driessens went on to say, adding that the company’s experience from Poland shows that ten times as many workers should be engaged in packaging, transport and other parts of the production cycle.
The Serbian plant will export between 70 and 80 percent of output, he said, noting that Ball Packaging Europe will also build ten waste recycling centres.