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Sirmium Steel opens foundry in Sremska Mitrovica in September – investment worth EUR 35m

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Italian STG-group, famous steel manufacturer that uses waste iron as raw material, is finishing its Sirmium Steel foundry in Sremska Mitrovica, which will be put in operation in mid-September. It will have 200 workers and produce 250,000 tons of steel beams per year, which will be later used in rolling mills for production of various types of building armature that is in high demand.

– We have invested EUR 35m in this foundry, we are going to employ 200 people, while the steel beams that will be produced in it will be used to satisfy the needs of the market of Serbia, as well as some other markets. About 10% of production will be turned into building armature in company Metalfer Steel Mill in Sremska Mitrovica – says STG-Group CEO Dario Bodino.

– I must point out that we enjoyed a great support of the local self-government and the Government of Vojvodina, which issued an integrative license for construction of the foundry to us. Of course, maximum environment protection is guaranteed since the latest technologies will be used.

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Sirmium Steel foundry has already got 40 future employees, and it will soon employ another 160 people. In that way, everything will be ready for the commencement of production in this unit in mid-September. CEO Bodino points out that there is only one more foundry that produces beams in the region that includes Croatia, Slovenia, Bosnia and Herzegovina and Montenegro. That foundry is situated in Split, it uses old technology and produces 200,000 tonnes of beams per year. However, this foundry will be closed soon.

As far as Sirmium Steel foundry is concerned, it will start with the annual production of 250,000 tonnes of steel beams and 200 workers. However, its annual production capacity is 500,000 tonnes of beams if enough raw materials are provided and new people are employed. Of course, the decision on production growth will be dictated by the market.

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