Italian hosiery specialist Golden Lady has started building its third factory in western Serbia, its second in the city of Loznica.
With this latest EUR6m (US$8.6m) investment, the company’s total investment in Serbia since 2005 will exceed EUR100m.
“The building works will be over by the end of 2011,” said Golden Lady board member Gaetano Paolillo.
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The new factory will make women’s stockings and tights – of which 90% will be exported worldwide through Golden Lady’s Italian trading offices – with only the 10% remainder being sold in Serbia. Mr Paolillo said the factory could also produce different kinds of underwear in future.
Source just-style.com
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