ATB Sever expands business - Subotica-based power generator and engine manufacturer announces new projects in Russia

Source: eKapija Wednesday, 21.08.2013. 13:25
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(Photo: sever.rs)
Subotica-based ATB Sever has been hired to implement one of the largest energy projects in Serbia - revitalization of four 1000 MW hydro generators in Bajina Basta. This project is valued at EUR 3.48 million, and the work is expected to be completed in September, ATB Sever CEO Milorad Vasic said in an interview with the latest issue of the daily newspaper Suboticke Novine.

Vasic, who was named CEO in June, told Suboticke Novine that the company would focus on power generators and hydroelectric power stations, engines and components for the ATB Group (Intercompany product portfolio) in the future, as well as engines for steam power plants, nuclear sector, cement plants and oil platforms.

ATB Sever is part of the ATB Group that is majority-owned by China's Wolung.

As Vasic explained, the company in Subotica today employs a total of 380 people.

When it comes to their target markets, Vasic said that the plan was to build hydroelectric power stations mainly in Serbia.

- ATB Sever is the only company in Serbia and the region to produce power generators and hydroelectric power stations and to have knowledgeable and experienced staff - Vasic stressed.

He also explained that the company exported products to Russia as well as components for oil platforms through a distributor.

- Now we expect a very important tender in the Russian market - the CEO of ATB Sever announced.

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