HBIS

The mill, owned by China's steel industry giant Hbis, boosted production through greater engagement of production capacities.

The master plan should be adopted by the end of the year in the Assembly of the town od Smederevo, in order to start construction in 2019.

Brnabic pointed out that the zone should be completed by 2022, but that the first phase will create 2,300 new jobs.

A memorandum will be signed in late November with the Chinese company HBIS, which is interested in acquiring the Zelezara Smederevo steel plant.

Minister of Economy Zejko Sertic made the announcement on Tuesday, according to the government website, and added that the memorandum will be signed during the visit of Prime Minister Aleksandar Vucic to China.