Slovenia's Sava Opens 10 Mln Euro Biomass Factory in Bosnia - Media

BANJA LUKA (Bosnia and Herzegovina), July 25 (SeeNews) – Slovenian rubber-to-tourism group Sava has opened a 20 million marka ($16 million/10 million euro) biomass factory in the northwestern Bosnian town of Srbac, Bosnian Nezavisne Novine daily reported on Friday.

The Panensa factory, founded by Sava-owned Bosnian companies Panefin and Ensa, will produce wood pellets and briquettes for steam heating, the industry and the households. It will produce 35,000 tonnes of pellets in its first year of operation, Nezavisne said.

“With this, we are initiating a business cooperation which should bring advantage to all sides,” the newspaper quoted Sava’s board chairman, Janez Bohoric, as saying.

The Sava group includes the parent company, 28 subsidiaries and two joint ventures operating in the fields of rubber, chemicals, trade, tourism, real estate and financial services.

(1 euro = 1.95583 Bosnian marka)

More stories to explore
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription