SERBIA COPPER
March 1st, 2005
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is planning to pump Euro 16 million into a Serbian copper mill producing semi-finished copper and brass products. The money will be channelled via Sevojno Rolling Mill's private owner, Cyprus-based East Point Holdings Ltd, which will use the loan to purchase new equipment and modernise existing plant at the rolling mill in Sevojno, around 100 miles south of Belgrade. An EBRD memorandum said the loan would "increase production capacity, improve operational efficiency and product quality". ...
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