Valmont establishes venture to build a factory


December 12, 2015


comments icon




December 12, 2015


comments icon



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

fiat grande panda stellantis serbia electric cars automobiles

Stellantis starts producing electric cars in Serbia

22 July 2024 - With the announced state subsidies, Fiat Grande Panda from the Kragujevac plant could cost around EUR 18,000

eds ceo biljana komnenic elektrodistribucija srbije

Biljana Komnenić takes helm of Serbia’s DSO

22 July 2024 - The Government of Serbia has dismissed the acting director of distribution system operator Elektrodistribucija Srbije, Bojan Atlagić

sarka jablonska, cut energy use and emissions

Every watt counts: Simple steps to cut energy use and emissions

22 July 2024 - Reducing energy consumption in Europe is crucial for environmental and economic reasons

serbia dso eib loan smart meters elektrodistribucija srbije dubravka de groot

Serbia secures EUR 80 million to replace 400,000 smart electricity meters

22 July 2024 - Distribution system operator Elektrodistribucija Srbije and the European Investment Bank have signed an EUR 80 million loan agreement