TeraSteel Serbia Starts Production In Leskovac

Producer of sandwich panels for the construction industry

TeraSteel Serbia is a Romanian company that has purchased a part of the former Interlemind, and is producer of sandwich panels for the construction industry.

Managing director of TeraSteel Serbia, Zoran Cvijović, says that the investment is worth 11 million rsd. “Our goal for 2018 is to produce and sell for around €28 million. Much of the production is bound for the Serbian market, but we also export to all Balkan markets, which will give Serbia an important status of regional exporter in this industry. This factory will have 81 workers, 20 in production and the rest in sales and other jobs. One will be from Romania, the rest from here”, said Cvijović.

Mayor of Leskovac Goran Cvetanović said that Leskovac has once again shown its attractive investment environment.

TeraSteel is part of Tera Plast Group that has bought in June of this year the Serbian manufacturer of sandwich panels Interlemind, the transaction value being of €4.3 million. The group is planning to invest €11 million in Serbia this year, which includes the factory purchase price, €2.7 million as development investment and €4 million as working capital.

photo: Grad Leskovac