Cooperation and joint venture agreement between a Serbian company Sinofarm d.o.o. and a Chinese company Gient for the collection and treatment of medical waste has been signed today. The investment worth USD 3.5 million will be realized in two phases.
A Serbian company Sinofarm and a Chinese company Gient have signed the cooperation agreement today in the premises of Serbian Chamber of Commerce (Belgrade Chamber of Commerce). Partners plan to register a joint venture company Sino Medical Waste and immediately upon that, the newly established company will enter a process of permitting for the future plant, which is to be constructed in the industrial zone of Stara Pazova municipality in Vojvodina province.
The company will be dealing with medical, pharmaceutical and pathogens waste collection and treatment in Serbia.
The project is planned to be carried out in two phases: the phase one envisages USD 1.8 million investment. The phase two envisages additional USD 1.5 million investment for the construction of the facility for medical waste and plastic recycling.
Gient company is the world biggest producer and supplier of medical waste treatment and recycling technology worldwide: the whole territory of America, Canada, Asia, Australia, Africa and Middle East.
“Giant company is being supported by one the biggest investment funds not just in China but worldwide. Thought this is our very first project in Serbia, we believe that the experience will be a positive one and that we will realize many successful projects here in the future,” said Wang YuHua, director of Gient.
Nikola Sinobad, director of Sinofarm, said that the establishment of new company Sino Medical Waste will facilitate the process of medical waste management system in Serbia. New facility for medical waste treatment will be built in Stara Pazova, the construction part is expected to be completed in August, equipment is to arrive in September, and if everything goes according to the plan, the working permit should be obtained in late November.”
Medical institutions in Serbia, such as hospitals, health-care centers and laboratories, generate around 10,000 tons of waste annually. Half of it is medical waste that has been exported to the EU countries.