FIPA: The TRIGON TEKSTIL company is interested in investing in BiH

The owner of the company Trigon Textile Gokhan Sargan, accompanied by his associates, talked with the Director of the Foreign Investment Promotion Agency of BiH (FIPA) Gordan Milinić about possibilities for investing in the textile sector of Bosnia and Herzegovina, conditions for investing, and availability of labour force in the mentioned industry. 

Trigon Textile owns textile factories in Istanbul, Milan and Hamburg. Considering that they want to expand production, Bosnia and Herzegovina has been taken into consideration, among other things, for the fact that the owner has origin from BiH. They are in the phase of market research in terms of availability of production facilities and locations for investing, workforce, steps for establishing a company, operating costs, etc.

The plan is to hire 100 workers within six months of starting production, 300 within the year with a tendency of growth to several thousand employees in the next few years.

Mr Milinić informed the investor that Bosnia and Herzegovina has a long tradition in the textile, clothing and footwear industry, as well as an experienced and skilled workforce, pointing out that this sector has attracted Italian, German and Austrian investors who are running business very successful in BiH.

The proximity of the market of the Western and the Eastern Europe is one of the most important advantages when it comes to investments in the textile industry, and a cheaper labour force compared to other countries in the region.