March 1 (SeeNews) - Serbian metal castings manufacturer DIP plans to expand and reconstruct its existing facilities in the northern city of Novi Sad and repurpose them into a foundry of aluminum and non-ferrous metals, local media reported.
The location features a complex for production and sale of non-ferrous metal castings spanning 6,351 sq m, news outlet eKapija reported on Tuesday.
Approached by SeeNews on Wednesday for information on the planned investment amount, a representative of DIP declined comment.
According to the Serbian business registry, DIP is wholly owned by Ligrap Belosavci. It was .
Founded in February 1994, DIP produces around 700 tonnes of non-ferrous alloys per month and exports 90% of its products to the EU market. The company has 45 employees.