Insulation maker Austrotherm invests EUR 18mn in its Serbian unit since 2003.

By bne IntelliNews May 11, 2011
Austrian insulation maker Austrotherm has invested some EUR 18mn in its Serbian unit in the last eight years, the company's CEO Dragomir Ilic said as cited by Beta news agency. Ilic said that Austrotherm first set foot on the Serbian market in 2001 and in 2003 it opened a EUR 4mn styrofoam plant in Valjevo. In 2005 Austrotherm took over two more plants in Nis and Srbobran and now employs 120 workers.

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