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Construction of Biodiesel factory in Kruševac, which will operate within the Lubricant factory (FAM), is in its final phase, and production should start in the first half of year 2010.
The Director General of the Lubricant factory, Ljiljana Kostić, told Beta agency that the investment of about 10m EUR was in the pipeline.
- The reasons for delays in realization of that investment are changed terms of economic activities, economic crisis, general insolvency - said she.
According to her words, the ambition of FAM to become the leader in local and neighboring markets in production of lubricants and oils significantly contributed to that.
In spite of unfavorable economic circumstances, the factory managed to register growth of production and sales in the first ten months of this year by 9.6% against the same period in 2008.