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24. February 2003 - Monday |
Kikinda foundry and French partner to set up joint factory
KIKINDA - Representatives of the foundry of Kikinda, Livnica Kikinda, and the French company Lebelier signed a contract in this northern Serbian town on Monday, envisaging the founding of a joint factory of aluminum casts for the automobile industry.
The Kikinda firm will invest 1.35 million euros and the French partner 6.3 million. The joint factory will be built and inaugurated in Kikinda already in June this year, and will annually manufacture 3,100 tons of casts worth 15 million euros.
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