Business News

DELEGATION OF SIAC GROUP FROM ITALY ANNOUNCES EXPANSION OF COMPANY "KRUPA-KABINE"

Business News

09/28/2012

Three million euros of new foreign investment, construction of a hall of nearly six thousand square meters and employment of about 180 new workers in Bosanska Krupa are the results of months of discussions between the Mayor of the Municipalits of Bosanska Krupa Armin Halitovic, Managing Director of SIAC Group from Italy Giacinto Taiocchi and Director of “Krupa-kabine” Sead Mujagic, which operates within the Group.  

The construction of new facilities will begin over the next few days and in six months a modern production hall will be completed, which will significantly increase the existing capacities of enterprise “Krupa-kabine”. The company is normally engaged in the production of booths for mobile machinery and other products necessary for agriculture and construction, and will ensure new jobs to Bosanska Krupa and its inhabitants.

During the visit to the Office of the Mayor Halitovic, owner of SIAC Group Lorezelli Mauro pointed out that in Bosanska Krupa there is good will to cooperate and that they feel cinfident in continuing with work as intended.

Investors have already transferred significant part of work from Italy and Slovenia to Bosnia and Herzegovina, more precisely to Bosanska Krupa.

During the next period they will switch most of the work which means that need for additional labor force will arise.

Investors also stressed that everything will be completed within six months, and after the production starts they will seriously consider building a new company, a lacquer shop, which will have even greater capacity than “Krupa-kabine”.

The Mayor Halitovic said that it is encouraging to know that in the next six months another three million euros will be invested in Bosanska Krupa and citizens will be employed, but added he is even more encouraged with the plans for construction of a new company.