The Hesteel steel mill in Smederevo plans to produce 2 mln tons of steel next year, which will boost Serbia’s GDP by 1 pct, or probably more, Serbian PM Aleksandar Vucic told the plant’s workers and management on Friday.
“This is an image of a very beautiful, powerful Serbia, which shows we can work differently and better,” said Vucic, who took a tour of the plant with Hesteel President Yu Yong and Chinese Ambassador Li Manchang.
The Serbian government and the Hesteel Group signed in April a 46 mln euro sales and purchase agreement on the company’s acquisition of the plant.
The collaboration with Hesteel is the “deal of the decade, which brought a turnaround in the Serbian economy,” Vucic said.
Vucic noted he was proud that a visa-free regime with China was taking effect on January 1.
