Masterplanst in Subotica opens new department for glass network production - Investment totals EUR 8,4 m

(Photo: Kzenon/shutterstock.com)

The new factory will have 200 knitting machines for glass network, with the annual capacity of 60 m square meters which will enable the company to increase annual exports for EUR 15 m.

Masterplast Yu in Subotica is a subsidiary of Hungarian Masterplast group and the opening of the new factory was attended by the prime ministers of Serbia and Hungary, Aleksandar Vucic and Viktor Orban. Vučić said that Serbia's economic growth is driven with higher exports and new investments of Hungary in Serbia.