Serbian cured meat producer reduces CO2 footprint through green investment

Zlatiborac d.o.o. Beograd
Belgrade and Mačkat, Serbia
Machine for slicing
Investment Size
€ 271,800.00
Financial results
Savings of € 10,815.00 per year
Energy savings
6.1 MWh per year
CO2 savings
1.8 tonnes per year
Increased efficiency, lower maintenance costs and reduced CO2 emissions.
Green Climate Fund, Government of Luxembourg

Serbian company improves efficiency by investing in new equipment line

This GEFF investment is helping a Serbian cured meat company save electricity and reduce the company’s CO2 footprint.

Zlatiborac d.o.o. is a privately-owned company producing dried meat products (prosciutto, sausage, bacon, etc.), started by the Stojanović family in 1885 on Zlatibor mountain in south-west Serbia. The company holds a leading position in its core business segment: Zlatiborac’s assortment is sold in major Serbian retail chains (Delhaize, Mercator, Veropoulos, DIS, etc.) and is exported throughout the region (North Macedonia, Montenegro, Bosnia and Herzegovina, Slovenia), Russia and Belarus. The company has also obtained an EU import license, and is set to develop this new market (e.g., Sweden, Austria, Germany).

The company wanted to modernize its operations and to reduce its environmental footprint by upgrading to a new equipment line for cutting and slicing. Zlatiborac approached UniCredit Leasing Serbia, a Partner Financial Institution of GEFF Serbia Leasing. The GEFF team assessed the potential of energy savings and financial-technical parameters of the project.

The new cutting and slicing line reduces Zlatiborac’s operating costs by 30% and also reduces GHG emissions by 30% (1.8 tonnes per year) thanks to a 2.45 MWh annual reduction in electricity consumption as compared to the compared to the previous equipment, while also lowering maintenance time and costs.

“At Zlatiborac, we are devoted not just to improving our operations and offering high-quality dried meat products to the growing number of our satisfied customers in Serbia, neighbouring countries and Eastern Europe, but also to reducing our environmental footprint. By doing so, we are building a reputation as an environmentally friendly company, which is a pre-condition for a modern and responsible 21st century company doing business in line with sustainable development”, says Dijana Savić, Corporate Affairs Manager at Zlatiborac.

Programme and Donors details

The Green Economy Financing Facility Serbia Leasing (GEFF Serbia Leasing) was developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the Green Climate Fund and the Government of Luxembourg.

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