Holcim Serbia to invest USD 4 million in 2013

Despite all negative circumstances, Holcim Serbia will continue to pursue its investment program, which will reach the value of USD 4 million this year, Claudiu Sorare, Holcim Serbia's new director, said in a release.

He also stated that the main characteristic of company's operations in 2012 was a drop in both domestic consumption and the production of cement, concrete, sand and gravel, adding that it was a result of the election year and a relatively long time it had taken to constitute the government

- Regardless of this negative circumstance, Holcim Serbia will continue to pursue its investment program, which will be at the level of USD 4 million this year. We will still be focused on the safety and health of our employees and business partners as well as on the development and education of workers through different forms of trainings - Soare stressed.

According to him, it is most likely that this level of production and sales will be maintained in 2013, and the main shock to the production process will come from an increase in the price of electricity by more than 30 percent, which will boost expenses by over a million euro.

The Holcim Serbia company has invested in excess of EUR 100 million since 2002.

Aside from investment in production and technology, significant investment has been made in projects related to socially responsible operations, and the company invested nearly EUR 300,000 in that field in 2011 alone.

In the following period, as in the past 10 years, Holcim will keep on investing in the sustainable develpment of Popovac and Paracin, in the non-government sector, as well as in the strengthening of the entire community, the release reads.