Valjaonica bakra Sevojno

Valjaonica bakra Sevojno (Serbian: Ваљаоница бакра Севојно) or Copper Mill Sevojno, is a Serbian copper manufacturing company headquartered in Sevojno, Užice, Serbia.

Valjaonica bakra Sevojno
Native name
Ваљаоница бакра Севојно
TypeJoint-stock company
BELEX: VBSE
IndustryMetals
Founded19 June 1950 (1950-06-19)
Headquarters
Prvomajska bb, Sevojno, Užice
,
Serbia
Area served
Worldwide
Key people
Milija Božović (General director)
Vasa Žigić (Executive director)
Nataša Pančić (Executive director)
Đorđe Gucić (Executive director)
Stanimir Stanković (Executive director)
ProductsCopper
Production output
22,600 tonnes of copper (2017)[1]
Revenue €142.78 million (2018)[2]
€3.47 million (2018)[2]
Total assets €58.29 million (2017)[3]
Total equity €14.64 million (2018)[3]
OwnerEast Point Metals Ltd. (80.87%)
Akcionarski Fond (9.72%)
Other minority shareholders
Number of employees
1,066 (2018)
SubsidiariesValjaonica Bezbednost d.o.o.
VBS Handel GmbH Germany
Websitewww.vbs.co.rs
Footnotes / references
Business ID: 07606273
Tax ID: 101624563 [4]

History

From 1950 to 1989, the company operated as part of "SOUR Valjaonica Sevojno".[5] The production started in 1952.[6] "SOUR Valjaonica Sevojno" was the largest copper manufacturer in the former Yugoslavia, while the aluminum production was secondary activity of the company. In 1990, it was reorganized and operated as "Valjaonica bakra i aluminijuma" Sevojno.[5]

In 1991, the aluminum mill Valjaonica Aluminijuma Sevojno was split from the company and operated since 17 January 1991 as an independent business enterprise.[5] As of 2003, the company had around 2,000 employees.[7]

In November 2003, the Government of Serbia sold 70% of shares of the company to East Point Metals Ltd. company (Cyprus), owned by Serbian businessman Zoran Drakulić.[7] The total sum of transaction was 27 million euros, of which 17 million came as an obligation to invest in production facilities.[7]

In 2011, "RC2" and "Darby" investment funds bought the East Point Metals Ltd. from Zoran Drakulić.[8] In March 2012, there were reports that the Serbian "Farmakom MB" owned by Serbian businessman Miroslav Bogićević, is in the process of purchase of 80.8% of shares in the company.[8] However, the transaction was never realized.

In 2017, according to the general director Božović, Valjaonica bakra Sevojno has produced 22,600 tonnes of copper, of which 95% is exported.[1] Large quantities of processed copper in Valjaonica bakra Sevojno, is being delivered from the domestic copper mining and smelting complex RTB Bor.[9]

Market and financial data

As of 8 March 2019, Valjaonica bakra Sevojno has a market capitalization of 6.54 million euros.[10]

Accidents

On 10 November 2017, one employee was injured when he was hit by the forklift in production facility, causing him serious leg injuries.[11] On 19 January 2018, one employee was seriously injured (skin burns all over the body) caused by spraying of the liquor.[12]

See also

References
  1. "Proizvodnja namenjena direktnim potrošačima je naše trajno opredeljenje". danas.rs (in Serbian). Tanjug. 31 January 2018. Retrieved 1 February 2018.
  2. "БИЛАНС УСПЕХА (2018) - Valjaonica bakra Sevojno". apr.gov.rs (in Serbian). Retrieved 14 September 2019.
  3. "БИЛАНС СТАЊА (2018) - Valjaonica bakra Sevojno". apr.gov.rs (in Serbian). Retrieved 14 September 2019.
  4. "Основни подаци о привредном друштву". apr.gov.rs (in Serbian). Serbian Business Registers Agency. Retrieved 28 February 2018.
  5. "ISTORIJAT". impol.rs (in Serbian). Retrieved 28 January 2018.
  6. "Valjaonica bakra Sevojno AD je započela proizvodnju 1952.godine". coppersev.com (in Serbian).
  7. "Prodata Valjaonica bakra, prvo restrukturirano preduzeće". b92.net (in Serbian). 20 November 2003. Retrieved 28 January 2018.
  8. "Farmakom kupio Valjaonicu u Sevojnu". b92.net (in Serbian). 31 March 2012. Retrieved 29 January 2018.
  9. "Bakar iz Bora na ceni, za njega plaćaju premiju". b92.net (in Serbian). Tanjug. 30 January 2017. Retrieved 1 February 2018.
  10. "VBSE - Valjaonica bakra Sevojno a.d. , Sevojno - 08.03.2019". belex.rs. Retrieved 10 March 2019.
  11. K., N. (10 November 2017). "Povređen radnik Valjaonice bakra Sevojno". danas.rs (in Serbian). Retrieved 29 January 2018.
  12. L., V. (19 January 2018). "NESREĆA U SEVOJNU Užareni liv iz Valjaonice bakra teško povredio radnika, HITNO prebačen u Beograd". blic.rs (in Serbian). Retrieved 29 January 2018.
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