Benetton signed agreement on opening factory in Nis - Production starts in May

Deputy Prime Minister and Minister of Economy and Regional Development Mladjan Dinkic and representatives of Benetton and the City of Nis signed an agreement on opening a Benetton factory in this city, which will hire 2,700 workers over the next four years.

The investment is worth €43.2 million, and the state will endorse the project with €9,000 per each new employee.

Following the signing Dinkic said that that was the greatest event for the Serbian textile industry in the last ten years, adding that thanks to that investment the south of Serbia would become the center for that branch of industry.

Benetton will officially become the owner of Nitex in March, and the plan is to launch production in this company in May, he observed.

- The workers of Nitex who want to work and have the skills will get jobs at Benetton, while those who have forgotten to work can count on a social programme - Dinkic explained.

Benetton is purchasing Nis-based Nitex’s assets for €3 million and plans to bring down a half of its halls in order to construct new facilities and procure new equipment, Dinkic said, noting that according to projections, the new factory will produce one million clothing items by the end of the year.

He added that the projected annual turnover at full capacity was €72 million and that the production would be mainly export-oriented.

This way of stimulating investors is very remunerative as the analyses we conducted affirm that the money will be paid off within a year through the payment of tax for employees, Dinkic explained.

Representatives of Benetton announced that they would bring their accompanying suppliers to Nis so that Nitex would once again become the leading textile center in Serbia.

Benetton is a family company founded in 1965 and one of the largest in textile fashion industry, present in 120 countries worldwide.

Their core activity is the production of clothing through brands such as United Colors of Benetton, Sisley and Playlife.

Benetton produces over 150 million pieces of clothing a year and has a network of about 6,000 up-to-date boutiques.

Luj-Dor d.o.o. Beograd

Benetton Group Treviso

Grad Niš

Ministarstvo privrede Republike Srbije

NITEX d.o.o. Niš

Dinkic

United Colors of Benetton

Sisley

Playlife