German Company Henkel will construct factory in BIH worth around 7 million EUR
German company Henkel announced on 25th April in Sarajevo that it will construct a factory Henkel Ceresit in BIH, worth around 7 million EUR.
Beginning of construction in Bileca will start in the second half of this year, and it will produce powder products made of cinnamon for ceramic tiles and thermal isolation of structures.
"The new factory will be constructed with the latest technical, technological and ecological standards and it will hire 30 persons from BIH. Opening is expected in first half of next year," said director of Henkel for Southern Region of Central and Eastern Europe Wolfgang Zettl.
"The factory will have a capacity for almost 100,000 tonnes of products and users in BIH will buy domestic products. With this investment, we will enable new permanent jobs and contribute to BIH economic development," said Zettl.
German Ambassador to BIH Maria Ulrike Knotz pointed out at importance of German investors at BIH market since BIH urgently needs foreign investments.
"This investment is very important for BIH and proves strengthening of cooperation between Germany and BIH economically. BIH is not a poor country and it has a huge economic potential. BIH has unused raw materials and energy potential as well as a good traffic position and very educated and hard-working work force. It is a pity that these potentials are not used any better," said the Ambassador.