The Finnish cable manufacturing company PKC, which has been operating for five years in Smederevo, will start construction of a 10,000-square-metre production facility on 30th September, where it will install new machines and employ an additional 1,000 workers.
The mayor of Smederevo, Jasna Avramovic, told Tanjug that the new investment by the Finnish company would amount to 50 million euro.
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Ever since coming to Smederevo, PKC has been operating in a rented facility, spanning 19,000 square metres and 5.3 hectares of land, which are owned by the city. Recently, the Smederevo Assembly adopted a proposal to sell both the facility and the land.
Jasna Avramovic said that the city had built the facility with a loan of 7.8 million euro, of which 5.8 million euro was spent on the building, while the remaining 2 million euro was spent on secondary infrastructure plus another smaller area (spanning 3,000 square) that is rented.
The estimated value of the facility is 6.3 million euro, said Avramovic, adding that the Finnish company has paid 4 million euros in lease from 2015 to date.
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