FIPA Activities

FIPA and the Municipality of Kakanj visited Heidelberg Materials Cement BiH

2/28/2025

As part of the Aftercare program and activities of the Cooperation Network, representatives of the FIPA Agency and the Municipality of Kakanj visited Heidelberg Materials Cement BiH d.d. Kakanj.

Heidelberg Materials, which has been present at the BiH market since 2000 after purchasing a majority stake in Kakanj Cement Factory, is considered one of the most successful investment projects in the region. Today, with more than 200 employees, the company stands out as one of the most significant investors in Bosnia and Herzegovina, achieving outstanding results despite the challenges of the domestic business environment.

The company's operations, current issues, and the role of FIPA, the Municipality of Kakanj and other institutions in attracting foreign investments were discussed during the meeting.

Testimonials & Success Stories
 

Global Investment Promotion Best Practices 2012 of the World Bank has cited one example of support that FIPA provides to foreign investors who are running business in Bosnia and Herzegovina in order to contribute to increase the flow of foreign capital in the country.

The article said:  

„The Foreign Investment Promotion Agency (FIPA) of Bosnia and Herzegovina was an early convert to the idea of providing facilitation services to agribusiness investors as a way to maximize the positive impact of agriculture on the economy.

In 2007, for example, FIPA assisted a Dutch food processing company establish a US$1.6 million production facility to process unused milk ingredients into value-added products in Sarajevo to sell to markets in Eastern Europe and the Middle East.

As part of its aftercare program, FIPA assisted the company with its expansion plans. Among other things, the agency helped facilitate veterinary permissions, navigate various bureaucratic hurdles and played an important role in securing funding for the company’s expansion. It also helped develop a network of local suppliers and customers. As a result of these efforts, the Dutch investor developed stronger links with the Bosnian economy, thus increasing the positive spillover effects on the local economy.

Currently a new investment to establish a drying facility for milk powder is under way. This will further expand the processing facilities of unused milk ingredients. This additional planned investment is worth approximately US$2.8 million, thus nearly trebling the company’s original investment in the country“.

 

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