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Serbia
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Fortenova sells agri unit to Podravka for 333 mln euro
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France's Quivogne to invest up to 1.0 mln euro in Serbia - Vojvodina authorities

Oct 2, 2012, 5:23:08 PMArticle by Valentina Dimitrievska
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BELGRADE (Serbia), October 2 (SeeNews) – French farm machines manufacturer Quivogne plans to invest 800,000 euro ($1.03 million) to 1.0 million euro into production in its future factory in Serbia, the authorities in the Serbian province of Vojvodina said on Tuesday.

France's Quivogne to invest up to 1.0 mln euro in Serbia - Vojvodina authorities

Quivogne has already acquired a 5,500-sq m production hall of insolvent Serbian company Fadip based in the town of Becej for 29 million dinars ($322,980/250,795 euro), the Vojvodina Investment Promotion (VIP) fund said in a statement.

The French company will employ 60 people in the future factory which will work for export.

Quivogne has an annual turnover of 50 million euro.

($=0.7765 euro)

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