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BELGRADE (Serbia), November 5 (SeeNews) – German company EKH Plauen has started the construction of a 3 million euro ($3.3 million) factory for garbage container wheels in Zrenjanin, in northern Serbia, the Zrenjanin city government said.
The factory will be located in the Southeast Industrial Zone of Zrenjanin and will start production in August 2020, the Zrenjanin city government said in a statement on Monday.
EKH Plauen is making the investment through its fully-owned Serbian subsidiary GPK Zrenjanin.
"We want to supply the European market from here, and thanks to the links between Serbia and Russia, we will try to tap that market as well," the owner of EKH Plauen, Klaus Paul, said during the groundbreaking ceremony of the new factory.
In addition to garbage container wheels, EKH Plauen is also producing axles for waste containers, as well as fire-proof steel refuse bins.
($ = 0.8983 euro)