Related Keywords: 700 square metres, currently has 130 employees, footprint of 12, Lebane in southern Serbia, LebanTeks, opens yarn production factory, operated by Ormo's Serbian subsidiary, Ormo, Turkish textile company
Turkish textile company Ormo opens a yarn production factory with a footprint of 12,700 square metres in Lebane, in southern Serbia. The factory is operated by Ormo's Serbian subsidiary LebanTeks and currently has 130 employees, the Serbia’s economy ministry said in a statement on Thursday.
The factory of Ormo occupies the premises of insolvent state-owned company Eksportekst. The government invested 200 million dinars ($2 million/1.7 million euro) in the overhaul of the facilities, the economy ministry said.
