SARAJEVO (Bosnia and Herzegovina), June 21 (SeeNews) - Mastel CNC, the Bosnian subsidiary of German metal processing company Mastel CNC-Technik, is investing 5 million euro ($5.3 million) in the construction of a factory in Bihac, the city council said.
The factory will spread across 7,000 sq m of closed space and additional 20,000 sq m of outdoor area, Bihac mayor Shuhret Fazlic said in a press release on Monday.
The construction of the plant is expected to be completed by the beginning of summer 2023.
The factory will open 50 new job positions, doubling Mastel CNC's current headcount in the country, Sandi Terzic, director of the company, said in the press release.
Mastel CNC operates in Bosnia since 2019.
($ = 0.9499 euro)