Contract signed on Hocevar investment in Svilajnac

Slovenian food company Hocevar will open a plant in Svilajnac, central Serbia, as part of a 10 mln euro investment.

15 Maj 2019 17:46

SVILAJNAC - Slovenian food company Hocevar will open a plant in Svilajnac, central Serbia, as part of a 10 mln euro investment.

A contract on the investment was signed on Wednesday by Svilajnac Mayor Predrag Milanovic and the company's CEO Tomaz Hocevar.

"We had long discussions about this project and we have now come to the completion of the deal and the start of a new investment," Milanovic said before the contract was signed.

He said a contract on the sale of 5 ha of land to Hocevar would be signed as well and that local authorities expected the investor to build a 5,000 sq m factory and hire 50 people in the first phase, worth 5 mln euros.

Another factory, to be built in a second phase, will take the total to 10 mln euros, he said.

Hocevar, which has a significant market share in the EU, Russia, South America and Asia, will set up operations in the town's new business zone, the local authorities announced earlier.

In the second phase, the company will hire up to a hundred workers.

Hocevar is the 14th investor to come to Svilajnac over the past decade, the most notable one being Panasonic, which has a 1,000-plus-strong workforce in the town.


Photo: Tanjug/Dusan Anicic



top of page