The Government of Serbia will grant a €10.6 million subsidy to the Beočin cement plant operated by Lafarge, part of the Holcim Group, Nova Ekonomija reports.
The subsidy is intended to support the construction of a new cement production and distribution facility in Obrenovac. The project is expected to create at least 51 permanent jobs by the end of 2026, with over €3 million allocated for salaries over two years, according to the contract signed on October 9 by Economy Minister Andrijana Mesarović and Lafarge director Dimitrije Knjegić.
Lafarge has committed to maintaining a minimum of 320 permanent employees for five years after the investment project is completed. Additionally, each new employee will receive a salary at least 20% above the national minimum wage once employment obligations are fulfilled.
The total investment for the project is projected at €112,250,876 and is scheduled for completion by the end of 2027. The subsidy of €10,617,600 will be disbursed in three installments in 2026, 2027, and 2028.
