Germany’s E.K.H. Plauen breaks ground on factory in Serbia
Germanyʼs E.K.H. Plauen has started construction of a EUR 3 million factory to produce garbage container wheels in Zrenjanin, in northern Serbia, the city government said.
Photo by Shutterstock.com
The factory will start production next August, the Zrenjanin city government said in a statement, as reported by independent business news and market intelligence outlet SeeNews.
E.K.H. Plauen is making the investment through its fully-owned Serbian subsidiary GPK Zrenjanin. The company wants to supply the European market from Zrenjanin, Klaus Paul, the owner of E.K.H. Plauen, said during the groundbreaking ceremony.
“Thanks to the links between Serbia and Russia, we will try to tap that market as well,” he added.
In addition to garbage container wheels, E.K.H. Plauen also produces axles for waste containers, as well as fire-proof steel refuse bins, SeeNews noted.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.