Valjevo, 26 April (STA) - Household appliance maker Gorenje will expand its refrigerator factory in Srbia's Valjevo and employ 400 new people as well as expand the boiler producing plant in Stara Pazova to employ additional 100 workers in line with an agreement signed in Valjevo on Thursday.
The agreement was signed by a representative of Gorenje management,
Branko Apat, Serbian Deputy Prime Minister Verica Kalanović, Valjevo Mayor
Zoran Jakovljević and the president of the Stara Pazova borough Goran
Jović, the Serbian press agency Tanjug reported.
facilities in Valjevo will be expanded by some 30,000 sq. metres and 400
new jobs will be created there by 2015. The project is worth some EUR 20m.
In line with a memorandum signed in February, Serbia will chip in EUR
Kalanović said in her address that the move showed that Gorenje
was Serbia's $traditional partner and friend$ and represents
$our potential for economic development and job
Apat said today's signing of the agreement was a big
step both for Gorenje and Vlajevo and Stara Pazova. He noted that this made
Serbia Gorenje's second biggest production location after
Apart from the plants in Valjevo and Stara Pazova, Gorenje
also has a facility in Zaječar employing about 100 people. Gorenje employs
a total of 1,100 people in Serbia and has invested about EUR 70m in the
plants there in the last seven years.
The Velenje-based company has
told the STA that the expansion of production in Serbia is a part of the
company's strategy for the 2012-2015 period. It has chosen Serbia because
it encourages foreign investment and because Gorenje already has a network
of suppliers there.