Valmont establishes venture to build a factory


December 12, 2015





December 12, 2015




December 12

Energotehnika Južna Bačka a. d., headquartered in Novi Sad, signed a contract with Valmont Industries Inc. from the United States, setting conditions to build a factory in Zrenjanin, in northeastern Serbia. The initial deal is worth EUR 5 million and the production facility, planned for a launch within two years, will hire 70 people, according to a report published on the portal of Radio 021.

Branimir Mijailović, chief executive of Energotehnika, said the contracts means a new page in the company’s operations. “Through direct negotiations with company Valmont which lasted for a year, we established cooperation with one of the leading producers in the area of utility poles for public lighting and power lines. With their investment, we won’t have to import, but we will only export,” he said. Mijailović stressed the signing of the contract will make Energotehnika’s export double to EUR 15 million.

Milan Kocourek, Valmont’s export sales executive for Central and Eastern Europe, underscored the deal means not only placement in Serbia, but also investment in production. The deal leads to the establishment of the company’s office for the Balkans and Serbia. Valmont, founded in 1946, has 110 production facilities. Energotehnika was founded in 1958. It was privatized in 2010. It builds medium and high voltage substations and overhead lines, with turnkey projects in renewable energy, heating plants and industry automation.

Related Articles

HT Profession Energia ink first virtual PPA in Croatia

HT, Profession Energia ink first corporate PPA in Croatia

27 May 2023 - The adviser to Hrvatski Telekom in reaching the power purchase agreement was consulting company PwC Croatia


Enery offers scholarships to female students at renewables program in Austria

26 May 2023 - Enery Development is offering two scholarships to female candidates for master's studies in renewables in Austria

Biogas power plant in Croatia goes bust due to price controls

Biogas power plant in Croatia goes bust due to price controls

26 May 2023 - Unless the Government of Croatia helps biogas power plants, 70% will need to be shut down before summer, their association claims

bef 2023 auctions investments serbia neda lazendic

Neda Lazendić: Serbia has reliable investment environment

25 May 2023 - Neda Lazendić, Country Manager at WV-International, was one of the panelists at the Belgrade Energy Forum 2023