The Swiss company that produces electric lighting, Regent Lighting, will today open a factory in Svilajnac where it will employ 130 people; the investment is worth eight million euros. The opening ceremony will be attended by the President of Serbia, Aleksandar Vučić.
The relevant contract was signed more than a year ago in Basel by the mayor of the municipality of Svilajnac, Predrag Milanović, and Regent’s operations director, Jorg Steimer. The company has rented a facility spanning over 1,000 square metres in Svilajnac, where it will start production, and in parallel will build its own production facility that will span 12,000 square metres. The construction will be carried out in two phases.
The company is export-oriented and has built a factory in Veliko Polje, one of two industrial zones in the same municipality where four other foreign companies currently operate.
“The process took about a year and has now been successfully completed. This is important not only for Svilajnac, but also for Serbia, because Regent is a world-renowned company,” Milanovic told Tanjug news agency, adding that they have been competing with much bigger towns for the investment, thus proving that they can respond to such big challenges.
“The decision-making process was long and detailed and we decided on Serbia. We considered several options, including Čačak and some other towns in the south of Serbia, but in the end we had great support from Svilajnac and that is why we decided to build our factory right here,” Steimer said.
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