On Saturday, November 24th, Badotextile launched production on the premises of the former clothing factory Rudnik in Topola.
So far, the company has invested over 1,500,000 EUR in this factory.
Badotextile has built a modern factory on the premise of the former Sivara, that will produce around 350,000 pairs of trousers a year, to be sold in the French market.
President of the Municipality of Topola, Dragan Jovanovic expressed his gratitude to all who contributed to transforming the old Sivara factory into a modern production plant. He also said that Badotextile would provide the workers with excellent working conditions and good wages.
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Initially, the factory will employ about 120 workers, while next year, that number will climb to 150.
To remind, at an auction in Belgrade, held on 29th June, the Topola facility of Modna Konfekcija Rudnik was bought by the French company Bodotextile. The company was sold for RSD 23,500,000.
Modna Konfekcija Rudnik has been in bankruptcy since 2014 and in restructuring since 2005. An unsuccessful privatization was carried out in 2006 when eight companies competing for ownership.
This post is also available in: Italiano