Croatian investors open plant in Serbia

Automation & RoboticsBusinessSouth-East European INDUSTRIAL Мarket - issue 4/2014

On September 30th 2014, an opening ceremony was held at the restored production facilities of RASCO-TAMP Ltd. in the Serbian city of Senta. RASCO-TAMP was formed in 2013, when RASCO Ltd. bought the properties of TAMP Plc., an industrial valve producer. With the completion of investments aimed at improving the working conditions in the facilities and outfitting them with modern production technologies, the 50 current employees of RASCO-TAMP have begun the production of RASCO brand products.

The company will also maintain the 60 year old tradition of manufacturing industrial valves from the TAMP product range.

The facilities were opened by the Prime Minister of the Republic of Serbia Aleksandar Vucic, who congratulated the company’s employees and directors on their efforts and expressed his certainty that Senta will prove to be an excellent place to do business. Prime Minister Vucic also commented on the strong trade relations between Serbia and Eastern European countries, which should aid RASCO-TAMP in reaching the customers in those markets.