Sagem builds factory in Nis in March 2011

- French Sagem will most probably start the construction of a factory in Nis in March 2011 - reads the statement issued today by the Cabinet of Nis Mayor Milos Simonovic.

He said at the reception party occasioned by the appointment of Ambassador of France to Belgrade Francois-Xavier Deniau that the French company had filed the application for use of a subvention for the investment in Nis, reads the statement.

- City of Nis will meet all the necessary requirements and provide a full logistical support to the French company - Simonovic said and added that he expected Sagem to commence construction of the factory in March 2011.

French Ambassador Denio said that the city of Nis had a significant commercial and human potential that that was the reason why Sagem was going to develop its business in Nis as well.

The Government of Serbia and the city of Nis signed a protocol of cooperation with Sagem on March 27, 2009, which was supposed to enable opening of units for production of electric meters of the French company within Nis-based Electronic Industry (EI).

That protocol has not been implemented yet, and the main obstacle is a tender for the replacement of electric meters, which has not been announced in Serbia yet. According to earlier announcements from the Mayor's Cabinet, the French company that produces high-technology electronic and communication equipment is interested in building a factory of set-up boxes for digital television.