The Commission for Control of State Aid (KKDP) has approved for the Municipality of Ruma to assist the company Healthcare Europe by giving land for the construction of a factory, worth EUR 554,000, for free.
Healthcare Europe pledged to invest EUR 19 million in the new factory and employ 300 workers.
The KKDP’s decision allows the transfer of land consisting of two plots of first-class farming land spanning 46,790 sqm and 46,378 sqm respectively, without a charge.
The Tax Administration evaluated the land plots to be worth a total of RSD 65.2 million, that is, 700 dinars per sqm.
Healthcare Europe’s facility in Ruma will span 20,000 sqm, of which the production plant cover 12,500 sqm. The company undertook to employ at least 300 people over a period of five years from the date of the signing of the contract, and that, until December 31, 2027, it’s not allowed to transfer the ownership rights over the given land.
The parent company of the Ruma-based company, Healthcare Europe Co LTD was founded in 2003, in China. As of October 2020, it had 1,030 employees in Serbia, and the net profit at the end of October amounted to RSD 1.6 million.
The new investment in Ruma is worth EUR 19 million, of which EUR 15.6 million will be spent on facilities, and EUR 2.8 million is meant for the procurement of the equipment.
Healthcare Europe produces mattresses, toppers and memory foam products for renowned brands such as IKEA, JYSK and the American CVB, and their sales are oriented toward Europe and North America.
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