Tag: Serbia

China’s HBIS Steel Plans to invest 300 million Euros in its Serbian Subsidiary

Jul 5, 2019

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by

Aditi Tiwari

in HRC

According to the latest updates, HBIS Group Serbia Iron & Steel, a subsidiary of China’s Hebei Iron & Steel Group, plans to invest 300 million euro (USD 266 million) in Serbian steel mill Zelezara Smederevo by 2020. The investments will be made in the acquisition of new equipment at the factory, as Zelezara Smederevo needs…