Frenchmen invest €2m in Mine and Smeltery "Bela stena"

French company "SCMM Rene Aumas" has bought magnesium mine and smeltery "Bela stena", which was in bankruptcy until recently and did not work for five years. After procurement of the mine, the production started to grow. The name of the company is changed into "MG Serbian".

Few days ago, the completely new foundry worth €2m was put into operation. The aim of new owners is to complete production circle, so that it is expected that it will soon start production of pure magnesium.

French company is the most serious potential buyer of Majdanpek-based Metal Processing Industry, which is made of "Zlatara", "Fabrika elektroproizvoda" and "Megaplast".