Manifatture Settentrionali building textile facility in Vrbas – Jobs for 70 workers

After several decades, the first greenfield investment has arrived to Vrbas. The Italian company Manifatture Settentrionali has bought a parcel in block 100, where it will build new textile facilities. The sales and purchase agreement was signed by the owner of the company, Giovanni Cavadini, and the president of the municipality of Vrbas, Milan Glusac.

– The negotiation on the investment lasted several months. We’ve managed to persuade the Italian company that this is where they should invest, even though other municipalities were also an option. This is a renowned Italian textile company, which will employ 70 workers, which is very important for our municipality, and all the products will be exported – Glusac says.

He says that the arrival of a foreign investor is especially significant considering the fact that Vrbas was the third city in the SFR Yugoslavia in economic strength and activity in the 1980s. He adds that the local self-government is doing everything in its power for local and foreign investors to recognize Vrbas as a municipality worth investing in.

Following the signing of the sales and purchase agreement with the Italian company, the municipality will try to secure state subsidies for opening new job positions.

– The municipality of Vrbas could do with state subsidies approved to foreign investors which decide to invest their capital end employ local work force. After signing the agreement with the Italian company, we will address the relevant ministry in order to see what could be offered to the Italian company, so as to use that as a foundation for negotiations with other investors – Glusac says.

Manifatture Settentrionali Beograd

Opština Vrbas

Manifatture Settentrionali

textile industry Vrbas

textile industry Serbia

Giovanni Cavadini

Milan Glusac