Metals and Mining
Company Overview of Zelezara Smederevo d.o.o.
Zelezara Smederevo d.o.o. produces steel, hot, and cold rolled products and tin plates in southeast Europe. It offers tin plates in the forms of coils and sheets. The company sells its products in Yugoslavia, Europe, and internationally. Zelezara Smederevo d.o.o. was formerly known as U. S. Steel Serbia, d.o.o. and changed its name in February 2012. The company was founded in 1913 and is based in Smederevo, Serbia.
Founded in 1913
Key Executives for Zelezara Smederevo d.o.o.
General Director and Vice President
Vice President of European Operations
Compensation as of Fiscal Year 2013.
Zelezara Smederevo d.o.o. Key Developments
Zelezara Smederevo Reportedly Can Get Potential Buyers
Jan 10 14
Westwood Investment Fund is allegedly to decide in the coming two months on entering into a strategic partnership or buying 100% of Zelezara Smederevo d.o.o., Novosti reported. WFA, Austrian arm of Westwood signed in December 2013 a memorandum on cooperation with Zelezara, indicating its interest to buy 100% of the Serbian company. Under the agreement, the investor will prepare an analysis and based on it decide in March whether to take over Zelezara or propose it a strategic partnership. However, Novosti reports that Sasa Radulovic , Economy Minister of Serbia, said he has no information about the memorandum signed with Westwood, underlining the privatization agency and his ministry are in charge of Zelezara's privatization. Jasna Avramovic , Mayor of Smederevo city, said that there is interest in taking over the steel maker by three "serious investment groups", adding the acquisition talks could be wrapped up in the first months of 2014. Avramovic did not name the investors but said the three of them have good economic programmes and have already visited the company, Smederevo and the government. She also said the three of them offer different investment models - one is interested in buying the whole Zelezara and restarting its two furnaces; the second one eyes part of the company and reviving one of the furnaces; while the third intends to enter into a strategic partnership.
Belarus Interested To Acquire Zelezara Smederevo
Jul 17 13
The Goverment of Belarus is interested in acquisition of Zelezara Smederevo d.o.o., Milan Bacevic, the minister of natural resources of Serbia, told TANJUG news agency. "Belarus offers us strategic partnership for the Zelezara Smederevo plant,” said Bacevic after his talks with Belarusian Trade Minister, Valentin Chekanov.
Serbia Still Seeks Investors For ZS, Still Open For Negotiations
Mar 1 13
The government of Serbia plans to restart a blast furnace as it is still looking for potential investors for Zelezara Smederevo d.o.o. (ZS) by the end of March, Serbian Finance Minister, Mladjan Dinkic said. The government is still open for negotiations with OJSC Research and production corporation UralVagonZavod as well as with any other investor interested in the steel mill, Dinkic said. There have already been interests from companies like Duferco S.A., Donetskstal JSC and some Russian companies, Dinkic said, adding that Serbia is open for proposals without formal procedures and new tenders.
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