MK Group to invest up to 100m euro in new Carnex meat processing plant in Serbia

25 march 2025

Serbian conglomerate MK Group has announced that it will invest up to 100 million euro in the construction of a new plant for its meat processing subsidiary Carnex. This investment will allow Carnex to double its production capacity and increase the export of its products by 30-40%, BalkanEngineer.com has learned from an announcement by MK Group president, Aleksandar Kostic. He also noted that the move will help the company to meet the growing demand for meat products in both the local and international markets.

Kostic did not disclose details about the location of the new facility, but pointed out that Carnex's existing plant in the northern Serbian town of Vrbas has completely exhausted its capacity, necessitating the construction of a new facility that will increase efficiency and strengthen the company's production capabilities.

Carnex offers more than 150 different meat products and has annual sales of around 20 000 t. The company exports to 15 different countries and has been part of the MK Group since 2011.

MK Group is a diversified conglomerate with interests in various industries including agriculture, sugar, meat, tourism, real estate and renewable energy. In 2023, the company announced a 1.6 billion euro investment cycle over the next three years, of which 350 million euro will be invested in agriculture, 900 million euro in green energy and 380 million euro in tourism.

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