Four Turkish textile companies interested to open factories in Serbia

Four Turkish textile companies wish to open factories in Serbia for which they are in advanced talks with the Serbian government. Earlier this month, Trade Minister Raim Ljajic said that two Turkish textile companies plan to start investing in Serbia later in March, encouraged by the good business climate in the country.

Minister Ljajic went on to say that it was important that Turkish textile companies were interested in investing in undeveloped areas of Serbia. They want to promote a new way of attracting investors where the state restores and reconstructs old facilities in order to make them fit for production launch.,

Serbia plans to promote a model that involves the reconstruction of old and abandoned halls where interested investors could install machinery and immediately start production.

The model is currently being applied for industrial halls in the towns of Lebane, Lazarevac, Kraljevo, Nis and Leskovac, Ljajic said during the opening of the Balkan Textile Belgrade 2017 last week.

An agreement on opening of a wool factor in Lebane has been signed and the factory will employ 300 workers.

According to data from Serbia’s statistical office, Sebia’s imports from Turkey has increased by 18.1 percent to 74.3 billion dinars against exports to Turkey 10.8 percent , a 30 billion dinars ($258.4 million/242.1 million euro) in 2016.

Last year, Serbia exported textiles worth 497 million US dollars which is a huge increase compared to the year 2000 when the export amounted to 150 million dollars also 136 Turkish companies registered their business activity in Serbia.

Recent Posts

University of Copenhagen develops nanofibre patch for psoriasis treatment

Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…

8 hours ago

Clothing 2.0, The Marena Group to revolutionize medical garments

Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…

8 hours ago

Polartec expands eco-friendly weather protection fabrics

Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…

8 hours ago

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

1 day ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

1 day ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

1 day ago