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BELGRADE (Serbia), March 20 (SeeNews) - Serbia's Chamber of Commerce said on Monday China's medical waste treatment system developer Gient agreed to set up a joint venture to invest $3.5 million (3.26 million euro) in the construction of medical waste treatment plant in Stara Pazova, in central Serbia.
The joint venture, named Sino Medical Waste, will be incorporated by Gient with Serbian medical devices and instruments manufacturer Sinofarm, the Serbian Chamber of Commerce said in a statement.
The medical waste treatment plant will have a total of 30 employees
The project will be carried out in two phases and the investment envisaged in the first one will stand at $1.8 million, the Chamber of Commerce said.
The construction of the plant will start in April and the joint venture will receive the permit for medical waste treatment activities in November, the owner of Sinofarm, Nikola Sinobad, said in the statement.
The joint venture aims to treat the entire medical waste generated in Serbia, or 10,000 tonnes annually, after the entire project is completed, Sinobad added.
Gient is the largest supplier of medical waste treatment systems in America, Canada, Asia, Australia, Africa and the Middle East, the Chamber of Commerce said.
($ = 0.9302 euro)