FIPA Activities

FIPA visited Zeochem Ltd Zvornik

3/28/2019

Within the post-investment support program to existing foreign investors in BiH Aftercare, company Zeochem Ltd Zvornik was visited on March 26, 2019.

The company represented by Director Zoran Petković is 100% Swiss owned company.

In Bosnia and Herzegovina they have been operating since 2016 and have 42 employees, and they are planning new investments and employment in the next three years.

Mr Petković pointed out that the official start of the factory was at the end of 2017.

The workforce, the geographical position and the availability of raw materials are the three main factors that prevailed when selecting a site. Considering that in the past two years the company has achieved excellent business results, the Swiss investor, who operates on several continents and in several countries of the world, decided that, in terms of possible expansion of production and investment in new production facilities, the future primacy will be put on production in Bosnia and Herzegovina.

It is a chemical industry, and the main productions are molecular sieves and chromatography gels.

As it is a very rare production of powdered products, it was very easy to find clients abroad, and the main export destinations, except Switzerland, are China, America, Germany and other European countries.

The investor is satisfied with the business environment in our country, so the expansion of production and employment of new workers is a priority in the coming period.

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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