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Dunav textile maker opens new plant in Grocka
Grocka,
27 October 2006
Serbian Minister of Economy Predrag Bubalo opened today a new Dunav plant for production of elastane fibres in Grocka worth €2 million.
Bubalo said that the plant will employ 30 workers and will produce 300 tonnes of fibre a year, 75% of which will be exported.
He recalled that apart from record high investment this year, GDP is expected to grow 7%, which has a positive influence on investors.
The Minister added that the National Investment Plan will also help lure foreign investors as good infrastructure is the best invitation.
Bubalo said that after the new Constitution is adopted, Serbia expects a great step ahead when it comes to economy because it will have "a social-economic system in line with the one dominant in EU countries."
The Economic Development Strategy will support this as well, he said adding that the Ministry has completed the Strategy and the textile and metal industry will occupy a special place in it since they were once leaders in Serbia's economy. "We now have to create conditions for these industries to resume their previous position but on a much higher technological level", stressed Bubalo.
Dunav General Director Petar Stojanovic said that thanks to the new equipment, the factory will increase its total income next year from €6 million to €9.5 million, adding that first amounts of fibre from trial production have already been delivered to foreign buyers.
Owner of Austria's Dinalast Reinhard Schneider said that he chose Serbia because of the lower cost of work force that is also extremely well-qualified, but also because of the fact that the Serbian economy is developing fast and will soon find its way to the EU.
He recalled that apart from record high investment this year, GDP is expected to grow 7%, which has a positive influence on investors.
The Minister added that the National Investment Plan will also help lure foreign investors as good infrastructure is the best invitation.
Bubalo said that after the new Constitution is adopted, Serbia expects a great step ahead when it comes to economy because it will have "a social-economic system in line with the one dominant in EU countries."
The Economic Development Strategy will support this as well, he said adding that the Ministry has completed the Strategy and the textile and metal industry will occupy a special place in it since they were once leaders in Serbia's economy. "We now have to create conditions for these industries to resume their previous position but on a much higher technological level", stressed Bubalo.
Dunav General Director Petar Stojanovic said that thanks to the new equipment, the factory will increase its total income next year from €6 million to €9.5 million, adding that first amounts of fibre from trial production have already been delivered to foreign buyers.
Owner of Austria's Dinalast Reinhard Schneider said that he chose Serbia because of the lower cost of work force that is also extremely well-qualified, but also because of the fact that the Serbian economy is developing fast and will soon find its way to the EU.
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