Henkel Plans Facade Finish Factory in Serbia, Tanjug Reports

Henkel AG & Co. KGaA (HEN3) plans a new factory in Serbia for making facade finishes, Tanjug newswire reported, citing an executive director in Serbia.

Initial investment is seen at 15 million euros ($19.8 million) to 20 million euros for the facility that will supply Balkan markets and parts of central Europe, the report quoted Jovan Sarenac as saying. The plant will be built in Indjija, northwest of Belgrade where Henkel already makes adhesives.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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