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BELGRADE (Serbia), May 31 (SeeNews) – Russian company Farmalakt plans to invest 34 million euro ($39.9 million) in the construction of a baby food factory in Serbia, the president of the Serbian Chamber of Commerce, Marko Cadez, said.
The factory will be located in Dobanovci, in the suburbs of Serbia's capital Belgrade, and its construction will be completed in the coming months, Cadez said, as quoted in a statement by the trade chamber.
Serbian logistics company Nelt Group will be Farmalakt's strategic partner for the Western Balkans and will distribute the factory's products in Dobanovci, Cadez said.
Farmalakt has a baby food factory in Moscow with a workforce of 181 employees.
($ = 0.8531 euro)