 The cement factory is one of three Serbian cement factories and it has helped boost the economic prosperity not only for the town but for the whole region.In 2002, TITAN Group and the Serbian Privatization Agency signed an agreement for the transfer of 70% of the share capital of the Kosjerić Cement company, a deal worth $35.5 million.As of 2013, the production capacity of the Kosjerić cement plant was 750,000 tons.