Vranje-based "Sanch" invests 2m EUR in expansion of production units

Company "Sanch" from Vranje will invest 2m EUR within next three yearss into construction of a new unit for production of footwear and warehouse in Vranje, in which it will employ 200 people.

Investment and Export Promotion Agency - SIEPA approved aid in amount of 400,000 EUR to company "Sanch" for that project for stimulation of investments from the National Investment Plan. The project implies construction of the unit for footwear production, related facilities and warehouse, because the company currently operates in the rented premises. This investment will enable production of about 1,500 pairs of shoes on daily basis and export growth.

Company "Sanch" was founded in 2001 by Swiss company "Majse Holding" with the share of 70% and Italian "Sent Luis". "Sanch" exports more than 40% of production, mainly to the countries from the region - Macedonia, Croatia and BiH.