Cypriot invests 5m EUR in new unit for production of light ready-made clothing in Leskovac

Greek businessman from Cyprus, Kostas Georgiu, the owner of company "Mageo Ltd.", will invest more than 5m EUR in adaptation of the unit of former textile factory "Zevelon" in Leskovac, which he bought, and in installation of modern line for production of light ready-made clothing.

The unit will hire 500 to 1,000 workers this year, for which professional training for certain textile works will be organized in September. The number of employees within next two or three years should grow to 2,000.

Mayor of Leskovac, Vladan Marinković, expressed the willingness of local self-government to quickly provide building permit and other documents for the businessman from Cyprus, who already registered company named "Mageo beoo" in Serbia, so that the works on adaptation and equipping of future unit for production of ready-made clothing could start sooner.