Source: Beta | Wednesday, 02.08.2017.| 12:26
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Italy's Progetti buys land for construction of facility in Knjazevac – New footwear factory in 2019

(Photo: Olena Yakobchuk/shutterstock.com)
An agreement on the sale of building land in the industrial zone in Knjazevac to the Italian company Progetti, which should raise a footwear factory in the location, was signed today, August 2, 2017, in the town. The agreement was signed by the owner and the head of the Italian company, Romano Rossi, and the chairman of the municipality of Knjazevac, Milan Djokic.

The knjazevacinfo.rs portal reports that this is the first greenfield investment in Knjazevac after 30 years.

Rossi said that Progetti had taken over around a hundred workers who had worked for the company in the Serbina factory in Knjazevac and that further development depended on cooperation with future clients.

– By signing this agreement with the Municipality of Knjazevac, we have obliged to raise a new factory here in the next 24 months. So far, we have not received subsidies from the Republic of Serbia, but we hope we will, as we would find them very helpful – Rossi said.

Djokic emphasized that the arrival of such an investor to the municipality was rather significant, especially considering Knjazevac's renown in the field of footwear manufacture.

Progetti has three factories in Serbia, in Sombor, Vladimirci and Vrsac. It produces close to two million pairs a year and is the biggest exporter of footwear from Serbia.
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