President Aleksandar Vucic met early on Monday with China’s HBIS Group President Yu Yong.
They discussed the Smederevo steel mill operations and the company’s plans for next year, Tanjug reported, citing a statement from the Presidency.
Yu said that the Smedervo-based plant had revenues of over USD 750 million in 2017 – 300 million more than last year, while producing 1.5 million tons of steel, with overall investments reaching USD 160 million.
Yu told Vucic that the company plans to produce 1.8 million tons of steel next year and have revenues of a billion dollars, the statement added.
Vucic “expressed deep gratitude to Chinese President Xi Jinping, the Chinese people and Yu for keeping the Smederevo steel mill running and for its successful current operations.”