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Company News, 2009-01-27, 11:00 AM

ThyssenKrupp Services launches materials services business in Serbia

ThyssenKrupp Services is again expanding its materials services business and since January 2009 has been represented in Serbia through the new ThyssenKrupp Materials d.o.o.

The Serbian market is being accessed from a green-field site in Indjija, 40 kilometers northwest of Belgrade. On an area of over 17,000 square meters an ultramodern materials processing and logistics center with its own rail link has been set up. Here, in the medium-term, around 15,000 tonnes of materials will be stored and the workforce expanded to around 60. The management team consists of Stevan Sefer and Petar Radovanovic.

Joachim Limberg, Vice-Chairman of the Executive Board of ThyssenKrupp Services, states: “This move means that our network in C&E Europe and, specifically the Balkans, is now even more closely knit. Right from the start we will be concentrating on high-grade rolled-steel products including complex value-adding processing services. These products will then be followed within short by nonferrous metals and plastics to embrace a full lineup.”

Serbia, population around 7.4 million, has in recent years enjoyed vigorous economic growth and is increasingly investing in its national infrastructure. Adds Limberg: “Belgrade is the nation’s industrial heart. From Serbia we will be serving neighboring countries such as Croatia, and Bosnia and Herzegovina.”

ThyssenKrupp Services has for many years now been successfully represented by materials services companies in C&E Europe and the Balkans: a total workforce of over 1,000 is employed in Bulgaria, Czech Republic, Hungary, Poland, Romania, Russia, Slovakia, Ukraine, and, now, too, Serbia.

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