New sponge factory in Simpo – investment worth €4m

New Simpo’s factory for production of noncombustible sponge will be completed in spring 2006.

This will be the 13rd unit of this Vranje-based company on the territory of Municipality of Bujanovac.

Total value of the investment is €4m and the main partner is from France and its investments amount to €3m.

Newly built sponge factory on surface of 2,500 square meters and with the projected capacity of 10,000 tons per year, will enable employment of 100 workers, export to England and USA and it will open the way to Europe and America.