"Metalac" from Gornji Milanovac opened a new department for manufacture of water heaters, investment worth 3 millions eur

"Metalac" company from Gornji Milanovac invested 3 millions eur in a new department for manufacture of water heaters in which would emply 35 workers, as announced by the general director of this company, Petrasin Jakovljevic.

He said that the department would be opened for work in 10 days and by the end of 2006 should manfacture 50.000 of circulat and acummulative water heaters from 5 to 120 liters, with profit of 3.4 millions eur.

As it has been announced, 'Metalac' would be producing electrical, gas and solar water heaters and the plan is to in 2 years time in the domestic and foreign market reach a level of delivery of 200.000 pieces, with a total annual profit of 14 millions eur.

It is interested that water heaters would be designed by customers' wishes, while in the new department would be employed about 200 of new workers as soon as the factory gets its full capacity which is expected in one year's time.