Henkel invests over EUR 80mn in Serbia.

By bne IntelliNews November 29, 2010
Germany's Henkel has invested over EUR80mn in Serbia so far, manager Georg Grassl said according to Beta news agency. These investments include the acquisition of detergents and toiletries maker Merima, the opening of two Ceresit adhesives factories and the establishment of an administrative center in Belgrade, Grassl explained. Since the privatisation of Merima in 2003, Henkel has poured in EUR 12mn in the factory, while next year another EUR 1.5mn-EUR 2.5mn will be invested. The detergents maker has doubled its production and some 45% is being sold abroad. Henkel exports its Serbian output to the EU, Croatia, Bosnia and Herzegovina, Montenegro and Ukraine. The company plans to further boost exports to the EU, Grassl has stated. The staff at the Belgrade headquarters and the Indjija and Krusevac factories numbers 477.

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