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Aster Textile to open US$ 9.9 million plant in Serbia

YarnsandFibers News Bureau 2016-10-20 14:31:00 – Serbia

Aster Textile, a garment producer in Turkey opened a US$9.9 million plant in the Serbian southern city of Nis.

As per sources, the plant will initially employ 300 people, with plans to increase the workforce to 2,000 over the next two years.

Aster received 2 million euro in state support for the plant's construction.

Aster was established in Turkey in 1993 as a company specialising in fashion design and production. Its centres for business development are located in Istanbul, London and Barcelona, while manufacturing plants are based in Turkey and Bangladesh.

Aster's annual turnover is 100 million euro.

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