February 3 (SeeNews) - Slovenian electrical products manufacturer Iskra laid the foundation stone of a factory in Bosnia worth an estimated 15 million euro ($16.4 million), the government of Bosnia's Serb Republic said.
The 15,000 sq m factory in Laktasi is expected to be completed by the end of the year and will employ some 400-500 people, the government of the Serb Republic said in a press release on Thursday.
The new production facility will manufacture electrical components for the EU market.
Iskra provides intelligent industrial solutions and cutting-edge electrotechnical products. Iskra helps companies to improve existing applications and introduce new technologies in strategic business areas, according to information published on the company's website.
($ = 0.917031 euro)