"Galeb Group" to invest 2m EUR in modernization of equipment in Vranje-based "Zavarivač"

Majority owner of capital of Vranje-based company "Zavarivač", company "Galeb Group" in Šabac, plans to invest 2m EUR in this company in order to modernize the technology for production of steel structures.

The company from Šabac also plans to open welding school in Vranje, which would provide experts for work in the country and abroad.

"Zavarivač" in Vranje is one of ten independent companies that operate within "Galeb Group", and the Šabac-based company bought 52% of public capital of that company with about 300 workers at the auction in 2008.