Koteks Viscofan, factory of casings for meat-packing industry, opens new unit - Investment of 30 million euros in Novi Sad

(Juan Carlos de la Rasilla and Bojan Pajtić)

- Novi Sad-based factory of artificial casings for meat-packing industry Koteks Viscofan is going to expand its production capacities prior to end of 2011 by opening a new unit worth 30 million euros - the company's management announced on June 23.

Juan Carlos de la Rasilla, the company's Director General, said at the meeting with Bojan Pajtic, the Prime Minister of Vojvodina, that the factory in Novi Sad was considered strategically important within Viscofan Group because 30 million euros had been invested in it to the date.

- Koteks Viscofan has, so far, invested EUR 30m, it has 300 employees, and we plan to start production in the expanded capacities and hire 200 people more by the end of 2011 - said Rasila.

Pajtić estimated that the acquisition of Novi Sad-based Koteks by Viscofan Group was an example of successful privatization and that, as such, it represented an invitation for other companies from Spain to invest in Serbia.

The investment of 30 million euros at the time of the global economic crisis is extremely important for development of industrial sector in Vojvodina - Pajtić said and pointed to the significance of the plans of the factory's management for creation of 200 new jobs.

Pajtić introduced the delegation of the Spanish group to the stimulus measures from the Vojvodina Government's programme for creation of new jobs.

Koteks Viscofan is a member of Viscofan Group, which operates in Spain, Serbia, Germany, USA, Mexico, Brazil, Czech Republic, Great Britain, and China.