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The Government of the Republic of Serbia

In the service of citizens

Bianca and Alena textile house builds factory in Vranje

Belgrade, 19 September 2006

The Serbian Investment and Export Promotion Agency (SIEPA) stated that the managing board of Jumco holding company from Vranje decided yesterday that English textile house Bianca and Alena can buy and rent this company's production plants.

The statement reads that this English company plans to buy the factory Sloboda in Vranje which is part of Jumco holding and build in its place a new textile factory with state-of-the-art equipment worth €3 million.

After building the factory, Bianca and Alena plans to employ 3,000 workers. The factory's capacity will be 100,000 garments per week, which will bring €6 million a year.

The Director General of Bianca and Alena said that this company plans to take part in the tender sale of entire Jumco and to turn Sloboda into the central office of its textile production in Europe.

During the construction of the new factory, Bianca and Alena will rent one of the production plants of Jumco, for which at least €20,000 a month must be paid. The English textile house will also have to pay all costs and employ 700 local workers.

When SIEPA connected us to Jumco and presented us the potential of the Serbian textile industry, we decided to centralise our European production right here in Vranje and thus become a long-term strategic partner of the Serbian textile industry, said the director general of Alena.

He announced that Bianca and Alena will compete for receiving grants to encourage investment, in line with the Decree on the conditions and ways of payment of direct investments, which is implemented by SIEPA as part of the Serbian government's National Investment Plan.

President of Vranje municipality Miroljub Stojcic said that SIEPA employees helped with their responsible and professional attitude to locate an investor for one of the largest companies in this area.

Apart from its head office in London, Bianca and Alena has four factories in Romania, and by the end of this year it will build a factory in Vietnam.

The company's annual turnover is more than €40 million and it specialises in making clothes for all fashion categories (from children and housewives to high fashion) for world famous brands such as BHS, Marc 1, Dorothy Perkins, Evans, Wallis and Tesco, the statement reads.