Valjaonica bakra Sevojno
A Serbian copper-processing company headquartered in Sevojno, near Užice.
Last updated August 26, 2026
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Overview
Valjaonica bakra Sevojno, also known in English as Sevojno Copper Rolling Mill or Copper Mill Sevojno, is a Serbian industrial company specializing in the processing and rolling of copper. Its headquarters and production base are in Sevojno, a settlement within the city of Užice in western Serbia. The company is part of the industrial tradition established by the former Valjaonica Sevojno complex, whose production began in 1952 and which became one of the largest copper-manufacturing operations in the former Yugoslavia. From 1950 to 1989, the business operated within SOUR Valjaonica Sevojno, a Yugoslav self-managed organization whose principal activity was copper manufacturing. Aluminum production was also conducted within the wider industrial system, but it was secondary to copper. In 1990, the enterprise was reorganized as Valjaonica bakra i aluminijuma Sevojno. The aluminum operation was separated in January 1991, when Valjaonica Aluminijuma Sevojno began operating as an independent company. This left the Sevojno copper mill as a more focused copper-processing enterprise. The company was a major employer in its region. It reportedly had approximately 2,000 employees in 2003, reflecting the scale of the former Yugoslav industrial complex and its importance to the local economy. Its operating model depends on converting copper supplied by upstream mining and smelting operations into processed and rolled products for industrial customers. Large volumes of material have been supplied by the domestic copper-mining and smelting system associated with RTB Bor. A major ownership change took place in November 2003, when the Government of Serbia sold a 70 percent shareholding to East Point Metals Ltd., a Cyprus-registered company owned by Serbian businessman Zoran Drakulić. The transaction was reported at 27 million euros, including a 17 million euro investment obligation for production facilities. In 2011, the RC2 and Darby investment funds acquired East Point Metals from Drakulić. A proposed 2012 purchase by Serbia-based Farmakom MB, associated with businessman Miroslav Bogićević, was reported but was not completed. The company retained an export-oriented role. According to a 2017 statement attributed to general director Božović, the mill produced 22,600 tonnes of copper that year, with approximately 95 percent exported. These figures indicate that its customer base extended well beyond Serbia, although the available reference material does not identify individual customers, product specifications, or current production levels. A reported market capitalization of 6.54 million euros was recorded as of 8 March 2019, but the available material does not establish the company's current listing status or provide more recent financial information. Valjaonica bakra Sevojno has also been associated with workplace-safety incidents. An employee suffered serious leg injuries after being struck by a forklift in a production facility in November 2017. In January 2018, another employee reportedly sustained extensive skin burns after being sprayed with liquor. No further details about regulatory findings, litigation, or the company's subsequent safety measures are provided in the reference material. The company remains identifiable primarily as a Serbian copper-processing and export business rooted in the industrial heritage of Sevojno.
History
Valjaonica bakra Sevojno developed from the industrial complex established at Sevojno in the early postwar period. Production began in 1952, and from 1950 through 1989 the operation functioned within SOUR Valjaonica Sevojno, a Yugoslav self-managed industrial organization. The complex became one of the largest copper manufacturers in the former Yugoslavia. It also produced aluminum, although aluminum was a secondary activity compared with copper. The enterprise was reorganized in 1990 under the name Valjaonica bakra i aluminijuma Sevojno. A significant structural change followed on 17 January 1991, when the aluminum mill was separated into the independent enterprise Valjaonica Aluminijuma Sevojno. The Sevojno business thereafter represented the copper-focused part of the former combined operation. The company remained an important regional employer during the transition from the Yugoslav economic system to a Serbian market economy. Available reference material states that it employed about 2,000 people in 2003. That same period brought privatization. In November 2003, the Government of Serbia sold 70 percent of the company's shares to East Point Metals Ltd., a Cyprus-based company owned by Serbian businessman Zoran Drakulić. The reported price was 27 million euros, of which 17 million euros represented an obligation to invest in production facilities. Ownership changed again in 2011, when the RC2 and Darby investment funds acquired East Point Metals from Drakulić. In March 2012, Serbian media reportedly discussed a possible purchase of 80.8 percent of the shares by Farmakom MB, associated with businessman Miroslav Bogićević. The proposed acquisition was never completed. Operationally, the mill processes copper into rolled and other industrial forms. Its supply chain has been linked to the domestic copper-mining and smelting complex RTB Bor, from which substantial quantities of processed copper were delivered to Sevojno. In 2017, general director Božović reportedly stated that the company produced 22,600 tonnes of copper and exported 95 percent of that output. The figures portray Valjaonica bakra Sevojno as an export-dependent industrial manufacturer rather than a consumer-facing brand. The company's recent documented history also includes workplace accidents. On 10 November 2017, an employee was seriously injured in the leg after being hit by a forklift in a production facility. On 19 January 2018, another employee reportedly suffered severe skin burns after being sprayed with liquor. The available source does not provide information about investigations, legal proceedings, or corrective actions. A market capitalization of 6.54 million euros was reported as of 8 March 2019. Because the available reference does not establish a current exchange listing, current ownership, recent financial performance, or present production capacity, those aspects require verification before being treated as current corporate facts.
- 2017
Export-oriented production reported
[1]The company reportedly produced 22,600 tonnes of copper, with 95 percent exported.
- 2011
East Point Metals changes ownership
[1]RC2 and Darby investment funds acquired East Point Metals from Zoran Drakulić.
- 2003
Majority privatization
[1]The Serbian Government sold a 70 percent shareholding to East Point Metals Ltd. in a reported 27 million euro transaction.
- 1991
Aluminum operation separated
[1]The aluminum mill was separated on 17 January 1991 and began operating independently as Valjaonica Aluminijuma Sevojno.
- 1990
Reorganization as a copper and aluminum mill
[1]The enterprise was reorganized under the name Valjaonica bakra i aluminijuma Sevojno.
- 1952
Copper production begins
[1]Production started at the Sevojno industrial operation that later became associated with Valjaonica bakra Sevojno.
Products and positioning
An industrial, export-oriented copper-processing manufacturer serving downstream customers through rolled and otherwise processed copper products.
Copper processing
Rolled copper products
Copper rolled into industrial forms for downstream manufacturing customers. The available reference identifies rolling and processed copper as the company's core activity but does not specify dimensions, grades, end-use sectors, or individual product names.
Copper processing
Processed copper materials
Value-added copper output produced from material supplied by upstream mining and smelting operations, including the domestic RTB Bor complex. Detailed specifications and current product catalog information are not provided in the reference material.
Brand decisions
2012
Proposed Farmakom MB acquisitionM&ABackground
Reports said that Farmakom MB was seeking to acquire an 80.8 percent stake in the company.
Action taken
The proposed purchase was discussed publicly but was not completed.
Aftermath
The reference material does not identify a completed transfer or the reason the transaction failed.
2003
Sale of a 70 percent shareholdingM&ABackground
The Serbian Government privatized a majority stake in the copper mill during the transition to private ownership.
Action taken
It sold 70 percent of the shares to East Point Metals Ltd., a Cyprus-based company owned by Zoran Drakulić.
Aftermath
The reported transaction included a production-investment obligation, while later ownership passed to investment funds.
Transaction value and investment obligation. 27 million euros transaction value, including a 17 million euro investment obligation (November 2003)
Sources1 sources
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