Turkish textile firm Eurotay, a member of the Tai Group, is building a manufacturing plant spanning 30,000 square metres in Serbia’s Kraljevo that will employ 2,500 people. Serbian President Aleksandar Vucic visited the city recently along with his minister of trade Rasim Ljajic, Turkish ambassador to Serbia Tanju Bilgic and Tai Group chairman Mesut Toprak.
The factory is scheduled to be built by March and start operations by April 2019, according to Toprak. It will produce seven million pairs of jeans annually.
The Tai Group’s investment in the project was valued at €35 million, a Serbian newspaper reported quoted Vucic as saying.
The company has already trained 115 local workers for the work in the factory, which will employ between 400 and 700 workers in the first phase.
The Tai Group bought the property of Kraljevo-based Autotransport, which was bankrupt, to build the factory.