The president of Serbia praised the success and progress of Chinas acquisition of the steel plant.

Vucic, President of Serbia, praised China's acquisition of the Serbia steel company for its success and progress on 5 th.

Vucic made the remarks on the day when he attended the 2nd anniversary celebration held by Serbia Steel Co., Ltd. for the formal takeover of J May Dei Trvor iron and steel works. He thanked the workers for their efforts to achieve their business goals, and emphasized the importance of iron and steel plants to the city of Serbia and the whole of the economy.

J May Dei Trvor iron and steel works was founded in 1913. It is a well-known factory in the past century. Due to fierce competition in the international market and poor management, the factory was once in a predicament and faced with bankruptcy. In April 2016, the China River Steel Group signed with the government of Serbia to buy the J May Dei Trvor iron and steel plant for 46 million euros, retain its 5000 employees and set up a Serbia Steel Co., Ltd. In December of that year, the iron and steel plant realized profits and reversed losses for 7 consecutive years.

Song Sihai, executive director of the river steel Serbia Co., Ltd., said that after the establishment of the company, it not only ensured the stable work of the original staff of the factory, but also provided 200 new jobs for the local people every year, and invested a lot of funds for technical upgrading and equipment renovation.

Song Sihai said that last year, the steel plant completed 1 million 460 thousand tons of steel output and output value of 750 million dollars, and the government paid 39 million dollars. "In 2018, the iron and steel plant plans to produce 1 million 800 thousand tons of steel, which will set a new historical record and achieve a business income of more than 1 billion dollars. From the first half of the year, we can achieve this goal. "