Hot topics

Slovenia Business Week no. 29/2005: Hidria to Launch Construction of Industrial Park in Serbia

The manufacturing conglomerate Hidria plans to build a technological and industrial park in Serbia to manufacture air-conditioning, heating and cooling systems as well as aluminium alloy products for the automotive industry

The manufacturing conglomerate Hidria plans to build a technological and industrial park in Serbia to manufacture air-conditioning, heating and cooling systems as well as aluminium alloy products for the automotive industry.

According to a press release from Hidria, the park, which is to extend over an area of four to five hectares, is to give jobs to a total of 260 people within five years, while 160 of these will be employed right after the facility has been completed.

The Spodnja Idrija-based corporation is to invest some 15 million euros in the construction of the park and high-tech production there.

Hidria already has a subsidiary in Serbia - a sales and distribution company Hidria Beograd. The new, 11,500-square-metre production hall will also be located in Belgrade or its vicinity.

The new plant in Serbia will be Hidria's third production facility abroad apart from the one manufacturing motorcycles in Epe, Netherlands, and a hand electric tools production in Quito, Ecuador.

Serbia is one of the company's fastest expanding markets. Hidria plans to export Serbia-made products to Russia, the broader SE European region and EU countries.

Hidria consists of over 30 companies in Slovenia and abroad. Five major ones are located in Slovenia: AET, which produces parts for the automotive industry; hand power tools manufacturer Hidria Perles; air-conditioning manufacturer IMP Klima, motorcycle producer Tomos and Rotomatika, which manufactures aluminium components, special electric motors, fans, rotors and rotor motors.

Hidria's sales and distribution network is wide-spread from the US, Ecuador, Columbia, Peru, Australia, Hong Kong to the UK, Portugal, Netherlands, Poland, Germany, Switzerland, Croatia, Serbia and Bosnia-Herzegovina, according to the company's web site.

Source: Slovene Press Agency STA

Author: STA