Drakulic to open two factories in Boljevac valued at about EUR 7 million - Briquette production in Golubac also in the pipeline

(Zoran Drakulic)

Apart from expanding the capacity of his existing pellet plant, Serbian businessman Zoran Drakulic, the president of Point Group, is going to open two more factories - a biomass power plant and a production facility for wooden pellets. A total value of this investment is about EUR 7 million.

- Due to market demands, we plan to expand the capacity of our existing pellet plant by 30%, for which nearly EUR 2 million will be set aside - Drakulic told the daily Novosti.

- Besides, we will invest about EUR 5 million in the construction of biomass power plant that could supply heat to all interested households in Boljevac.

Drakulic also told Novosti on Thursday that it was agreed to build a production facility for wooden pellets in Boljevac, which would be making pellets for Drakulic`s eco fuel plant.

- Annually, our eco fuel plant requires up to 80,000 wooden pellets - Drakulic explained.

- Therefore, we`ve come to an agreement with the management of Boljevac to open a pellet plant worth about EUR 250,000 and, thus, create jobs for another 20 workers. In addition, we also plan to have a EUR 750,000 briquette plant built in Golubac.