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Oct 18, 2007 15:53 EEST
October 18 (SeeNews) - Slovenian household appliance manufacturer Gorenje has opened a 2.0 million euro ($2.9 million) factory for the assembly of kitchen furniture in Slovenia’s second largest city of Maribor, the company said on Thursday.
The construction of the factory, with an area of 4,000 square metres, began in mid-May and the equipment was provided in early August, Gorenje said in a statement.
On Tuesday, Gorenje opened a 7.0 million euro production unit with an area of 9,000 square metres in Sostanj, northern Slovenia. One third of the unit will manufacture parts for armoured personnel carriers (APCs), the company said.
Last year Finnish defence and aerospace group Patria, its Slovenian partner Rotis and Gorenje set up a joint venture for the supply of APCs to the Slovenian army. Patria will deliver 135 APCs to Slovenia under a deal signed in December.
Shares in blue chip Gorenje lost 3.62% to an average price of 45.19 euro on the Ljubljana Stock Exchange on Thursday.
($ = 0.70 euro)
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