Bosnia & Herzegovina: China-based BNBM plans to build a 40Mm2/yr gypsum wallboard plant in a joint venture with Rudnik i Termoelektrana Ugljevik (RiTE Ugljevik). The new company will be called BNBM Eastern Europe and based at Ugljevik, where RiTE Ugljevik operates the coal-fired Ugljevik Power Plant. The project has an investment of Euro50m with BNBM contributing Euro45m towards the total. Construction is expected to take 18 months, although a start date is subject to the joint-venture meeting certain conditions to the satisfaction of its parent companies. RiTE Ugljevik is a subsidiary of the state-owned power company Elektroprivreda.
