BELGRADE (Serbia), September 20 (SeeNews) - Swiss company Regent Lighting opened a factory in Svilajnac, central Serbia, the Serbian President's Office said on Monday.
The factory has an area of 6,500 square metres, the Serbian President's Office said in a statement.
The company will construct another factory, with an area of 6,000 square metres in the project's second phase, it added.
Regent Lighting plans to invest a total of 4 million euro ($4.7 million) in Svilajnac in the next four years and expects its total workforce to reach 250 employees at the end of the second phase of the project, Regent Lighting COO Joerg Steimer said at the official opening of the factory, according to the statement.
Regent Lighting has a workforce of approximately 600 employees in six countries and sells its products internationally through distribution partners in 35 countries.
($ = 0.853 euro)