Golden Lady is planning expansion by setting up a new manufacturing unit by the end of 2011. The new unit will initially produce women's stockings and tights, and different kinds of innerwear later on.
The new unit to be set up at the cost of US$ 8.6m in the city of Loznica will be the third factory of the Italian hosiery specialist in western Serbia.
The company plans to export 90 per cent of the production from the new unit worldwide with the remaining to be sold in Serbia.