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May 03, 2015 9:03 AM ET

Metals and Mining

Company Overview of Zelezara Smederevo d.o.o.

Company Overview

Zelezara Smederevo d.o.o. produces steel, hot and cold rolled products, and tin plates in southeast Europe. It offers hot rolled strips and sheets, hot rolled pickled strips and sheets, hot rolled slit strips, and hot rolled pickled slit strips; and cold rolled coils, cold rolled sheets, cold rolled slit stripes in coils, cold rolled non annealed coils, and black plates. The company also provides tin-coated steel products for the production of cans for food products, paints, chemicals, pharmaceuticals, and cosmetics. In addition, it manufactures bulk lime, metallurgical, and hydrated lime aggregates for construction, road building, railway tracks, and other uses; and manufactures quartz. The...

Radinac bb

Smederevo,  11300

Serbia

Founded in 1913

Phone:

381 26 4624 459

Fax:

381 26 4624 459

Key Executives for Zelezara Smederevo d.o.o.

Head of Group
Head of Department
General Director and Vice President
Age: 37
Director for Sales of Steel Flat Products
Compensation as of Fiscal Year 2014.

Zelezara Smederevo d.o.o. Key Developments

Esmark Mulls Acquisition Of Zelezara

Esmark, Inc. is still planning to acquire Zelezara Smederevo d.o.o., Esmark founder and Chief Executive Officer told Tanjug. If Esmark wins the tender for Zelezara's management and passes through the ten-month trial period, it plans to buy Zelezara when it comes up for privatisation again.

Zelezara Smederevo Seeks Buyer After Deal With Esmark Failed

Zelezara Smederevo d.o.o. may be sold to another buyer. On February 17, 2015, Prime Minister of Serbia, Aleksandar Vucic said that the potential sale of Zelezara Smederevo to Esmark has failed. The minister added that the government did not receive a guarantee from Esmark that the plant would not be closed once the raw material currently in stock was used up. He stated, “It has been a difficult decision for us. We've been working for months to save Zelezara.” Aleksandar Vucic mentioned that Zelezara Smederevo will remain in state hands and the government will look for another partner.

Esmark Submitted The Only Valid Bid For Zelezara

Esmark, Inc. is expected to take over Zelezara Smederevo d.o.o. As per the privatisation commission, Esmark Europe B.V., subsidiary of Esmark submitted the only valid bid to acquire Zelezara Smederevo subject to European Union approval. Bojan Bojkovic, Head of privatization commission further said that Esmark's bid was the only bid out of the three submitted to fulfil all the conditions of tender. Bojan further said that the contract of sale is expected to be signed by Janaury 2015 end.

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