The Hydroweb Company from the German town of Halberstadt will build a factory with spanning 4,000 square meters in Jagodina, and the value of the investment is EUR 20 million. Initially, the factory will employ 50 workers, and an additional 50 later on.
– The company produces materials used in medicine, construction and car industry. Some of the products are manufactured for the Italian company Confezioni Andrea Serbia, also based in Jagodina, and the rest is intended for export to China and the Russian Federation – said the Speaker of the Jagodina Town Assembly, Dragan Markovic Palma, who announced the beginning of the construction for February or March 2017.
Markovic pointed out that the German investor hadn’t and wouldn’t ask for any subsidies, adding that the town of Jagodina had provided free land with all the required infrastructure. The land is located in the industrial zone, near the Corridor 10.
He also said that that was the twelfth factory to be built in Jagodina owing to foreign investments.
The company’s owner, Andreas Kirsch, pointed out that the latest technology would be installed in the factory.
– We have chosen Jagodina for many reasons, one of which is our great cooperation with Confezioni Andrea Serbia in the past years, and another one being the infrastructure provided by Serbia and Jagodina. Then there is also the close proximity to the markets of the Mediterranean countries. The duty-free agreements of Serbia with Russia, as well as your relations with China, are all interesting when it comes to our future endeavours.
– We intend to keep 50% of the production in Serbia and to export the rest – Kirsch concluded.
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