Romanian textile company Avangard plans investments in Kladovo

The proprietors of the Romanian textile factory Avangard, which has production facilities in Bucharest, Timisoara and Turnu Severin, is planning to open a factory in the Serbian town Kladovo, the town’s official website reports.

Avangard had an intention of opening a production facility here seven years ago, however, at the time, local authorities failed to recognize the importance of this investment – Avangard’s proprietors, Iluta Trut and Cristian Balan said at the meeting with the president of the Municipality of Kladovo, Radisav Cuculanovic.

Avangard was founded in Romania 25 years ago, and it currently employs 200 people. Once opened, the new textile factory in Kladovo would employ at least 50 workers. Avangard’s proprietors believe that Kladovo has all the prerequisites for opening of such facilities. First, in order for the factory in Kladovo to be opened, the company first needs to find an appropriate location, and complete the legally required activities of incorporation.

The local officials from Kladovo had also visited the company’s facility in Turnu Severin to see the company’s production range for themselves.

(eKapija, 25.01. 2017)

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