Serbia's Vucic Confirms Milan Blagojevic - Namenska Plant Not for Sale Amid Investment Plans
Serbian President Vucic announced that the Milan Blagojevic - Namenska explosives and rocket fuel plant is not for sale. He highlighted significant interest in acquiring a 51% stake in the Lucani and Sloboda plants. The Namenska plant will undergo two new investment cycles focused on tri-base gunpowder production, vital for the military. The government plans to procure advanced equipment and assist Namenska in settling its €35 million debt to the national power company EPS.
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Serbian President Vucic stated the Milan Blagojevic - Namenska explosives and rocket fuel plant is not for sale, despite interest in acquiring 51% of the Lucani and Sloboda plants. He announced plans for two investment cycles at Namenska, emphasizing the importance of tri-base gunpowder production for the defense sector. The Serbian government will invest in modern equipment for the plant and assist in repaying its €35 million debt to the national power company EPS.
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