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Dec 08, 2017 18:21 EEST
SARAJEVO (Bosnia and Herzegovina), December 8 (SeeNews) – Bosnian car upholstery manufacturer Boxmark Leather, a unit of Austria's Boxmark, plans to increase its production capacity and almost treble its workforce, the country's Foreign Investment Promotion Agency (FIPA) said on Friday.
Those plans include expansion of the existing Lukavac-based plant and increase of the employee count to 1,100 from the current 440.
The company also plans to open a new plant in Bosnia's Banja Luka where it would employ some 600 workers, FIPA said in a statement.
In order to go ahead with its investments, Boxmark has requested the Bosnian authorities to abolish tariffs on finished and tanned leather imports, FIPA noted.
"If the authorities decline their request, Boxmark will stop further investments and new employment," FIPA said.
Boxmark also has units across Slovenia and Croatia. The company opened its plant in Lukavac in 2016.
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