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Nov 16, 2007 15:12 EEST
November 16 (SeeNews) - Slovenian household appliances manufacturer Gorenje will open a 9.0 million euro ($13 million) factory for boilers in Serbia on November 20, the company said on Friday.
The new factory, to be located in the town of Stara Pazova near the capital Belgrade, is to produce 150,000 boilers next year, Gorenje’s public relations officer, Ursula Menih Dokl, told SeeNews.
The factory, which employs 180, will gradually reach a capacity of 450,000 boilers, Dokl said.
Last year the company opened a 20 million euro factory for refrigerators and freezers in the western Serbian town of Valjevo.
Gorenje reported a 4.8% annual rise in nine-month group net profit to 13.528 million euro. Group sales through September rose by 23.3% year-on-year to 950.479 million euro.
Shares in blue chip Gorenje added 1.48% to an average price of 41.13 euro on the Ljublljana Stock Exchange on Friday.
($ = 0.68 euro)
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