Krusevac-based 14. oktobar and Germany's HBS GmbH to open joint venture

Krusevac-based 14. oktobar today signed an agreement on business and technical cooperation with Germany's HBS GmbH, which calls for the opening of a joint venture in Germany.

14. oktobar CEO Dragi Nestorovic says that the company will employ the workers of the Krusevac-based factory who cannot get a job in Krusevac at the moment, adding that all future projects will be defined in annexes to the agreement signed.

IMK 14. oktobar today authorized a HBS GmbH representative, Ratko Nesic, to represent the Krusevac-based factory in the German market.