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.
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 ($322,980/250,795 euro), the Vojvodina Investment Promotion (VIP) fund said in a statement.
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The French company will employ 60 people in the future factory which will work for export.
Quivogne has an annual turnover of 50 million euro.
($=0.7765 euro)