Vojvodina: Alubond from UAE to invest 20 mln EUR

The UAE-based company Alubond, from the Emirate of Ajman, is planning to invest an additional EUR 20 million in the factory in Vojvodina in 2017, said the head of Vojvodina’s government, Igor Mirovic.

– The owner of Mulk Holdings UAE, which currently manages the global production and rights distribution of the Alubond brand throughout the world, Shaji Ul Mulk, informed the delegation of the Autonomous Province of Vojvodina that he planned to invest an additional EUR 20 million in the factory in Vojvodina in order to first expand the factory in Banatski Karlovac and then build another factory – Mirovic said.

He underlined that an additional 80 to 100 new jobs will be created. Shaji Ul Mulk said that the projects would be drafted as early as January and that the process of procurement of the machinery for expanding the Banatski Karlovac factory had already been initiated.

The delegation of the Provincial Government, headed by Mirovic and Vice President Djordje Milicevic, has also had a number of meetings in the Emirate of Ajman. Following the official meeting with the ruler of Ajman, Sheikh Humaid bin Rashid Al Nuaimi, the Vojvodina delegation had a meeting with the president of the Ajman Chamber of Commerce, Abdullah Mohammed Al Muwaja, at the chamber’s premises.

(eKapija, 29.11.2016)

http://www.ekapija.com/website/en/page/1609230/Alubond-planning-to-invest-additional-EUR-20-million-in-Serbia-New-factory-and-around-100-jobs-planned

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