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Dec 21, 2017 14:14 EEST
December 21 (SeeNews) - Swiss-based food packaging company Tetra Pak said it is investing an estimated 1 million euro ($1.2 million) to expand product storage capacity at its factory in Gornji Milanovac, in central Serbia.
The company recently acquired a land plot of 1.6 hectares adjacent to its factory and plans to complete the expansion project by March 2018, Tetra Pak's Serbian unit said in a statement on Wednesday.
With the acquisition of the land plot, Tetra Pak aims to increase the storage space of the factory, improve logistics and reduce the time needed for truck loading, the company said.
"Gornji Milanovac is an important part of Tetra Pak's production system. Today, the factory supplies more than 320 customers, while its products are exported to 54 markets around the world," the leader of the cluster of supply chain operations at the company, Jose Paulo Picca, said in the statement.
The project takes Tetra Pak's total investment in the Gornji Milanovac factory made in 2017 to six million euro, the company said.
The company started operating the Gornji Milanovac factory in 2001. The factory currently produces more than 170 types of packaging products.
($ = 0.841727 euro)
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