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BANJA LUKA (Bosnia and Herzegovina), September 16 (SeeNews) - Bosnian metal processing company Elas Metalexpert has opened a 4 million marka ($2.3 million/2 million euro) production facility in Ramici, some 15 kilometres north of Banja Luka, local media reported on Monday.
The new facility employs some 100 workers and represents an expansion of existing capacities in line with the company's plans to introduce new and innovative products, business news portal eKapija.com reported.
"We work constantly on our improvement in order to keep up with the European and world companies when it comes to quality, reliability and production speed. A proof of that is the commissioning of two new modern machines at the beginning of this month - a sheet metal cutting laser and a CNC machine for sheet metal bending", eKapija quoted Elas Metalexpert's representative as saying.
The company, founded in 1994, exports most of its output.
(1 euro = 195583 marka)