Turkish company to open 1 mln euro clothing factory in Serbia

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Turkish clothing manufacturer Tibet Moda plans to invest 1 million euro to set up a production unit in the Serbian central town of Cuprija, local authorities said for BalkanEngineer.com.

Tibet Moda is planning to set up its production facility in the premises of the former graphic company Mladost and will create 1 000 jobs in three years, the municipality said in a statement.

The new factory is set to become operational by the end of September. Initially, it will employ 250 workers, boosting their number to 600 next year, and further to 1 000 in 2018.

Tibet Moda has been operating for 25 years, making mainly woven clothing products.

Source of the pictures: seenews.com