Serbian construction company Karin Komerc MD has taken a significant step towards green growth by investing in new, high-efficiency equipment. The achieved cuts in energy and water consumption, reduced CO2 emissions, as well as financial savings, demonstrate the great potential of the construction industry to reduce its environmental footprint and take an active role in combating climate change.
Novi Sad-based Karin Komerc MD has recently bought state-of-the-art, high-efficiency equipment for gravel and sand separation, a EUR 289,700 investment financed through GEFF Serbia Leasing, part of the European Bank for Reconstruction and Development’s (EBRD) global Green Economy Financing Facility (GEFF) program. The funding was disbursed by UniCredit Leasing Serbia, a partner financial institution of GEFF Serbia Leasing.
The new separation line is based on the so-called DiviTec technology, and Karin Komerc MD is the first company in Serbia to introduce it. This technology means the machine is lighter in weight as well as more efficient in the separation process. The efficiency rate of the new machine is 95%, compared with the previous one’s 85%.
The company, established in the Novi Sad suburb of Veternik in 2005 and employing some 500 people, operates in all segments of construction business: civil engineering (mostly road construction), hydraulic construction, and building construction, while another important element of its business is the production and sale of concrete and the extraction and separation of gravel and sand.
Karin Komerc MD – a Serbian company doing business in line with sustainable development agenda
A good example of a domestic company doing business in line with principles of green and sustainable development, Karin Komerc MD has recently used its own funds to replace its older generation trucks with new, more modern vehicles with Euro 6 engines, which reduce emissions of harmful exhaust gases.
The GEFF Serbia Leasing was developed by the EBRD and is supported by the Green Climate Fund and the Government of Luxembourg. The EBRD’s global GEFF program operates through a network of 140 financial institutions across 26 countries, and is supported by nearly EUR 4 billion of EBRD finance.