Živinice, Bosnia and Herzegovina — Bosnian construction materials manufacturer Disk Živinice has started construction on a new facility for the production of PU thermal insulation panels. The investment is estimated to be worth more than BAM 20m (€10.2m).
The plant will be located in the city’s Ciljuge II economic zone, about 104km south of Sarajevo, the capital of Bosnia and Herzegovina.
Zijad Selimović, director and founder of Disk Živinice, expects the new facility will be online in early 2023 and will create new jobs in the region.
Established in 1996, Disk Živinice is one of the largest private sector employers in the area. Initially a distributor of construction materials, the company shifted its focus to manufacturing. Disk Živinice sells its products domestically and exports to foreign markets – principally in western Europe.
The city of Živinice holds a Business Friendly Certificate South East Europe (BFC SEE), and offers favourable terms for companies that wish to establish businesses there. The city’s municipal authority says that a permit to start a business can be obtained in just two hours, while construction and planning permission can be obtained within 72 hours.