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From War Resisters International:

War Profiteer Profile: Krušik Valjevo

Krušik Valjevo is a #Serbian state-owned arms company founded in 1939. They specialise in the production of high-explosive mortar shells, grenades, air #bombs and mines. The company’s revenue in 2018 was €94m, and they employ over 3,000 people. The company claims to have #contracts with over 70 countries, with key exports to #UAE, Cyprus, #USA, Bulgaria and #SaudiArabia.

The company’s main facilities were heavily bombed in 1999 during the Kosovo #war, with hundreds of bombs calling on the factory, including by #NATO carpet bombing raids – workers have described the experience of working in the factory while it was being bombed, the steps taken during the war to move equipment to other facilities, and how when martial law was declared workers were expected to continue working.

The state-owned company has a close relationship with Serbian politicans and their families. For example, in 2018 it was reported that the Serbian Interior Minister’s father was involved in an arms deal with Saudi Arabia.

Read more at https://wri-irg.org/en/story/2022/war-profiteer-profile-krusik-valjevo

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