On Tuesday, May 28th, the Italian company, Ondaplast officially opened its factory for the production of plastic boards and panels and industrial packaging in Subotica. The investment is worth EUR 7 million, and in the next two years, the factory is expected to employ about 50 people.
In the first stage of the investment in Subotica, the company installed a plastics production and processing line and employed 25 workers, while in the next stage, the plan is to install two more production lines and double the number of employees. The reasons why the Italian investor chose Subotica include, inter alia, energy costs and well-trained workforce.
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“Another very important thing for us is a strong education in Serbia. Also, we have a good infrastructure at our disposal. Subotica has a good geographical position and is connected via roads to all parts of Europe,” said the CEO of Ondaplast Balkan, Marco Fontana.
There are several other Italian companies operating in Subotica, employing a total of around 2,000 workers. There are a total of 70 Italian companies operating in Vojvodina, which have more than 11,000 workers.
“This investment is a validation of the fact that the City of Subotica is the driving force behind development in local units in Serbia”, the Deputy Prime Minister of the Vojvodinian Government, Ivan Djoković, said.
The Italian ambassador to Serbia, Carlo Lo Cascio said on the occasion:” We work in Serbia, for Serbia and with the Serbian people.”
The value of the external trade between the northern regions of Serbia, Bačka and Potisje and Italy amounted to $125 million last year. Following the arrival of Ondaplast, which made a brownfield investment, there are prerequisites for this amount to be even greater.
This post is also available in: Italiano