Italy’s USCO has submitted a letter of intent to the cabinet of the Prime Minister of Serbia expressing its intention to commence negotiations and conclude an agreement on cooperation with Trstenik-based company Prva Petoletka.
As specified by the letter, USCO wishes to relocate its production unit to Petoletka’s Mikroelektronika production hall and employ fifty workers in the first phase of operations. The total value of this production would be several million euros per year.
As the production would be highly export-oriented, USCO intends to transfer knowledge, new technology and production experience in order to make its products, which would be tagged Made in Serbia, competitive on the global market.