Bosnian coal mining and energy company RiTE Ugljevik declared it is about to complete talks with Chinese investor Beijing New Building Materials for the construction of a EUR 50 million plasterboard production plant. RiTE Ugljevik would hold a 10 percent ownership stake in the future factory.
The factory will be built on an area of 12.5 hectares at a mine dump adjacent to the company’s coal mine and power plant in Ugljevik and will employ about 100 staff. The plant is expected to start operations in 2022.
