Steel sheet finishing plant to open in Kovin – Investment worth EUR 15 million, jobs for 300 people

By the end of 2019, the Municipality of Kovin should get a new industrial facility worth around EUR 15 million, a plant for the finishing works on steel sheets, with around 300 employees, a half of which are to be workers with a higher education.

The agreement between the Municipality of Kovin and Bulgarian investor Petar Zahariev on the sale of eight hectares of municipal land in the Industrial Zone, where the plant is to be raised, has been signed.

The Belgrade-based company Minimet Commodities, owned by Zahariev, has chosen Kovin thanks to the favorable conditions for investors, the proximity of the Smederevo steel mill and its being located on the Danube, an important transportation route.

– The plant will be built in two stages. The first one, to be completed by the end of the year, will have a capacity of 400,000 tons a year and consist of two lines for the cutting of hot-rolled steel sheets and one for cold-rolled sheets. In the second phase, two lines for galvanized sheet metal and one for painted sheet metal will be built, with a total capacity of 380,000 tons a year. The second phase will be completed by the end of 2020 – says Zahariev.

Eight hectares of municipal land in Kovin’s industrial zone were sold for close to EUR 380,000, but what’s more important is that the plant will employ workers with a higher education.

– To the Municipality of Kovin, one of the least developed municipalities, with a large number of unemployed people and plenty of young people moving out, this investment is of great importance. A total of 300 people will need to be employed, of which 130 with a university degree, which will help prevent the problem of young people leaving Kovin, while inciting those who have already left to come back – says Sanja Petrovic, the president of the Municipality of Kovin.

The investor and the local self-government point out that it is very important that the future facilities will feature the latest technology with the highest degree of ecological features, in line with the Serbian regulations.

MINIMET COMMODITIES DOO

Železara Smederevo d.o.o.

Opština Kovin

Petar Zahariev

steel sheet finishing plant

opening of steel sheet finishing plant in Kovin

industrial facility in Kovin

employment of highly educated workers

cutting of hot rolled steel sheets

cold rolled steel sheets

galvanization of sheet metal

cutting of sheet metal