“Silver Champion” Launches Production of Briquettes in BiH

“Silver Champion” Launches Production of Briquettes in BiH

One of the projects presented on the last Sarajevo Business Forum is starting briquette production for export to the European Union has already found its way to investors who are willing to engage in this business. The project was designed and launched by a new company in BiH, Silver Champion, which was opened by a group

One of the projects presented on the last Sarajevo Business Forum is starting briquette production for export to the European Union has already found its way to investors who are willing to engage in this business.

The project was designed and launched by a new company in BiH, Silver Champion, which was opened by a group of foreign investors.

The director of this company Cvetka Drole confirmed for eKapija that they found a sawmill in Bosnia and Herzegovina with whom they have established cooperation.

“After the presentation of the project, we had very good response from investors, which we plan to establish a joint venture. Briquette placement is secured within the next five years, a total production would be exported to EU countries,” said Drole.

The total investment value amounts to 4.3 million. It is envisaged that the project initiator invests 1.7 million,  securing land, infrastructure and manufacturing facility, while “external” investors invest 2.6 million Euros.

The estimated production of briquettes will have an annual turnover of 2.36 million, while annual profit is estimated around 560,000 Euros. Return on investment is five years. Briquettes are usually considered to be fuel of the future of the timber and are produced by compression of wood material in machines where the material is compressed in the cylinder of circular or rectangular cross-section.

The project will open a significance of number of new jobs in BiH. In the first period it would employ 13-15 workers while the transport to foreign markets and collecting raw materials will employ about 50 people.

Renewable Energy Projects in Bosnia and Herzegovina