Milsped invests EUR 9 million in new warehouse

Milsped, the leading company in the field of transport and logistics in the region, has obtained a location permit to expand its logistics park in Krnjesevci and build a new 16,000-square-meter warehouse. This new investment is worth about EUR 9 million, Milsped said in a statement.

The existing logistics park, in which over EUR 15 million have been invested, spans 16 hectares and features 22,000 square meters of storage and office space.

- The need for the construction of a new warehouse has emerged as a consequence of the increased volume of work and a higher demand for storage space among both existing and prospective clients. This investment will enable Milsped to additionally strenghen its market position and remain the leading provider of logistic services in the region - reads the statement.

- Milsped is strategically focused on the improvement of general regional development and the creation of new jobs. Last year our business revenues grew nearly 20% from one year earlier. The new warehouse will put us in even better position to respond to the growing needs of our clients as well as to attract new ones - reads a statement of Nebojsa Ivkovic, director general of Milsped.