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Nov 06, 2017 11:21 EEST
November 6 (SeeNews) - Serbian pellet producer Eko Step Pellet has invested 3 million euro ($3.5 million) in a factory in Petrovac na Mlavi, the town government said.
The factory has 32 employees and was officially opened on November 4, the administration of Petrovac na Mlavi, in eastern Serbia, said in a statement on Friday.
"Eko Step has invested around 3 million euro to acquire the previously bankrupt enterprise, to overhaul the production facility and relaunch production," the mayor of Petrovac na Mlavi, Dusko Nedinic, said in the statement.
The company started the production of pellets in Petrovac na Mlavi in 2013. It operates a production facility spreading on 91,000 square metres and can produce up to 43,000 tonnes of pellets annually, according to data from its website.
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