Company "Europolis" put new production unit into operation, investment worth 3m EUR

Today (December 19, 2006), company "Europolis" put the new unit for production of steel armature and cantilevers into operation. This unit is part of the "New Factory".

Total of 3m EUR have been invested in the up-to-date technology, which is settled on 1,500 square meters and will create jobs for another 20 workers. Former daily production of 150 tons of armature nets, cantilevers, cold-rolled bars and wires will be increased by 30% thanks to the new production line.

(Vladan Zečević)

Construction of "New Factory" of company "Europolis", on 25,000 square meters in Zemun, represented the biggest single investment in 2005, worth 8m EUR, which was partially backed by the means from the Development Fund of Republic of Serbia.

- The expansion of operations of company "Europolis", the investments in modern technology and creation of new jobs are the signs that the company invests in the economy of Serbia. Former production covered more than one third of the domestic market, whereas 40% of the production was exported to Hungary, Croatia, BiH, Macedonia and Bulgaria – said the manager and the owner of company Vladan Zečević at the opening.

The new unit was put into operation by the Minister of Economy Predrag Bubalo, who stated on that occasion that the credits approved by the Development Fund of Republic of Serbia had effect and that that Fund and the Government of Serbia still financially supports profitable businesses.

M. K.