BELGRADE (Serbia), May 12 (SeeNews) – Serbian human and animal nutrition products maker Bankom plans to invest 14 million euro ($15.2 million) in the construction of a soybean processing factory in Obrenovac, the city authorities have said.
Bankom plans to start operating the factory in 2018 and to employ 90 in Obrenovac, near Belgrade, the city authorities said in a statement on Thursday.
The factory will produce hexane-extracted soy protein that will be exported, the deputy director of Bankom, Mladen Pesut, said in the statement.
"This investment is worth 14 million euro, the soy is organic, not genetically modified, sourced from domestic producers and the largest part of the product is intended for export. All this fully justifies our investment in agriculture," Belgrade mayor Sinisa Mali said in the statement. "This year we provided four times more subsidies for farmers than last year".
Bankom operates a soybean processing factory, animal feed factory, as well as factories for the production of premixes and raw materials for animal feed. The company also operates factories for the production of milk replacers for animal consumption, bases for ice cream and milk replacers for human consumption, as well as a meat processing factory.
($ = 0.920484 euro)