Galovici Cement Plant
From Global Energy Monitor
| This article is part of the Global Cement and Concrete Tracker, a project of Global Energy Monitor. |
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Background
In January 2002, the Greek-based TITAN Group signed an agreement with the Serbian Privatization Agency to acquire a 70% stake in the Kosjerić Cement Company for $35.5 million. By May 2009, TITAN Group had increased its ownership to 100%, solidifying its commitment to the plant and the region. Since the privatization process began, TITAN Cementara Kosjerić has invested over €50 million in modernizing production, with €15 million dedicated to environmental protection initiatives.
