It has been reported that the Belgian company Karmeus is planning to invest a total of €7 million (US$7.97 million) in the Serbian plaster factory Jelen Do, over the next five-year period.
The announcement is said to have been made by Karmeus's vice president for sales and marketing for Europe, Julian Denvers.
He said that the Serbian company, acquired in 2013 for €9.6 million, has had €1.5 million invested in its modernisation.
It has been reported that the Belgian company Karmeus is planning to invest a total of €7 million (US$7.97 million) in the Serbian plaster factory Jelen Do, over the next five-year period.
The announcement is said to have been made by Karmeus's vice president for sales and marketing for Europe, Julian Denvers.
He said that the Serbian company, acquired in 2013 for €9.6 million, has had €1.5 million invested in its modernisation.
