Italian company GLM is interested in building a plant in Kula

(Photo: kula.rs)

Italia company "GLM group", which operates in production of automotive industry components submitted to the president of municipality, Dragan Trifunovic, a letter of intention where it confirmed the intention of Italian investors to build a plant in industrial zone in Kula and hires 130 people, it was published at the municipal website. Apart from the Letter of intentions, the Italian company delivered to local self-governance a business plan which will also be sent to the Government of Serbia and for the purposes of obtaining governmental incentives for new hires.

After successful talks, this new step of Italian company, "GLM group" requires construction of a newa production structure on some 5.000 m² on specified land of 43.000 m² in industrial zone in Kula. The investment totals EUR 5 m.

The meeting which was held June 23 at the cabinet of the president of the Municipality was attended by president of the Kula municipality, Dragan Trifunovic, together with associates and owners of Italian company "GLM group" – Graziano Forzini and Peppino Barlafante, municipal website reported.