HBIS GROUP PRESIDENT YU YONG MET SERBIAN PRESIDENT

Monday, 18.12.2017.

Yu Yong has presented today the results of HBIS Group Serbia business activities in 2017 and emphasized that during this year 1.5 million tons of steel had been produced in Smederevo steel plant. "The total value of our investments in the steel plant in 2017 amounts to USD 160 million, which provides us with the possibility to plan the production increase of 1.8 million tons of steel for the following year, said HBIS Group president.

They also discussed the development of the industrial zone Smederevo and plans for HBIS during the next year to bring a significant number of companies from China which would open their production divisions in that zone. Yu Yong thanked president Vucic for the continuous support and emphasized especially that Serbia had made a great progress in economic reforms and economic development.

President Vucic especially addressed the big care which HBIS Group dedicated to the employees in Smederevo. He reminded of the fact that this company was constantly working on the improvement of work environment, work conditions and actively promoted the training of employees using the help of the Chinese Ministry of Commerce in organization of employee trainings both abroad and in Serbia. President Vucic said that he was impressed by the results accomplished by HBIS in very short period of time and added that the Republic of Serbia would remain dedicated to close cooperation of the Government and this company. He expressed profound gratitude to the President of the People's Republic of China Xi Jinping, the Chinese people and president of HBIS Group Yu Yong for keeping and having today's successful business operation of Smederevo steel plant.

After the meting with the President of Republic of Serbia, President of HBIS Group Mr. Yu Yong met with the Prime Minister Ana Brnabic and presented the operating results of HBIS Group Serbia Company. Prime Minister congratulated to the representatives of HBIS Group on achieved results and pointed out that the Government of Serbia will continue with its jurisdictional ministries to offer full support so that HBIS Group Serbia could continue achieving good results.


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