Home breadcru News breadcru Accessories breadcru Serbia's Proleter to invest €2 mn in socks factory

Serbia's Proleter to invest €2 mn in socks factory

05 Jan '18
1 min read
Courtesy: Wikimedia
Courtesy: Wikimedia

Proleter, a Serbia based textile company, is planning to invest €2 million to set up a socks factory in Ivanjica, a town and municipality located in the Moravica district of southwestern Serbia. Proleter employs about 300 people at its existing factory in Ivanjica, and another 250 employment opportunities would be created at the socks factory.

Atair GmbH, Steinfurt, Germany based company engaged in the production of knitwear and hosiery products and stockings, holds 71.4 per cent stake in Proleter, according to Serbian media reports.

In 2016, Proleter registered a profit of €15,140. (RKS)

ALCHEMPro News Desk – India

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!