July 5 (SeeNews) - Slovenian company Kolektor opened on Thursday in Bosnia's Srbac a plant for commutators, in which it has invested over 1 million euro ($1.17 million), the office of the president of the Serb Republic said.
The plant, whose output will be exported, will employ 108 workers, the office of the president said in a statement following the ceremonial opening.
In the next few months, Kolektor is also due to open a plant in Bosnia's Prijedor, where it will employ 400 people.
Kolektor's Bosnian unit Kolektor CCL launched in 2005 in the Laktasi municipality, manufactures automotive starters and large commutators for the motors of electric fork lifts and for industrial motors. In 2015, the company opened a production facility near Banja Luka.
($=0.8547 euro)