Turkey's Eurotay to open a textile factory in Serbia
28 Oct 18 1 min read
Turkish textile firm Eurotay, a member of the Tai Group, is building a manufacturing plant spanning 30,000 square metres in Serbia’s Kraljevo that will employ 2,500 people. Serbian President Aleksandar Vucic visited the city recently along with his minister of trade Rasim Ljajic, Turkish ambassador to Serbia Tanju Bilgic and Tai Group chairman Mesut Toprak.
The factory is scheduled to be built by March and start operations by April 2019, according to Toprak. It will produce seven million pairs of jeans annually.
The Tai Group’s investment in the project was valued at €35 million, a Serbian newspaper reported quoted Vucic as saying.
The company has already trained 115 local workers for the work in the factory, which will employ between 400 and 700 workers in the first phase.
The Tai Group bought the property of Kraljevo-based Autotransport, which was bankrupt, to build the factory.(DS)
Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.
The factory is scheduled to be built by March and start operations by April 2019, according to Toprak. It will produce seven million pairs of jeans annually.
The Tai Group’s investment in the project was valued at €35 million, a Serbian newspaper reported quoted Vucic as saying.
The company has already trained 115 local workers for the work in the factory, which will employ between 400 and 700 workers in the first phase.
The Tai Group bought the property of Kraljevo-based Autotransport, which was bankrupt, to build the factory.(DS)
Fibre2Fashion News Desk – India
Popular News
|
Falling average prices of Chinese apparel exports shows weak demand |
|
AMANN Group opens new sustainable production plant in India |
|
US cotton exports jump 79% week-on-week: USDA |
|
Bearish trend in north Indian cotton yarn market, prices decline |
|
ICE cotton slips again amid weak factors; speculators reduce positions |
|
US trade bodies against tariff hike on apparels from 5 countries |