Cement manufacturer Lafarge Srbija said it has acquired Jazovnik stone quarry in Serbia’s northwestern town of Vladimirci.
Lafarge Srbija acquires Jazovnik stone quarry
The quarry, located some 30 km from Larfarge’s planned cement factory in Belgrade’s Obrenovac municipality, will allow for the establishment of the entire logistics chain for the development of the company’s new industrial complex, Lafarge said in a press release earlier this month.
Financial terms of the transaction were not disclosed.
The quarry has an annual capacity of 350,000 tons of stone ore, according to the website of Jazonik’s former owner, local stone materials producer Tribex.
In August last year, Serbia’s government said Lafarge plans to invest 110 million euro ($115 million) in the first phase of opening the cement factory in Obrenovac.
Lafarge Srbija, part of Swiss building materials manufacturer Holcim Group, already operates a cement factory in Serbia’s northwestern city of Beocin and several concrete plants across the country.