Vibac started the construction of a new factory in Serbia
The Italian tape manufacturer and global supplier of specialty packaging films and pressure-sensitive tapes Vibac started the construction of a new factory in the Serbian industrial zone Jagodina. The project, worth 70 million euro, is partially subsidized by the Serbian government. The facility is going to produce the latest tape technology for industrial packaging, eventually hiring a total of 450 people.
Seven production lines will operate in the new Vibac plant, manufacturing masking tape, hot melt packaging tape, foil and acrylic tape. The company plans to export the output of the facility to Russia, the U.S., Canada, the EU and the ex-Soviet republics.
The construction of the plant in Jagodina was officially inaugurated by the Serbian Prime Minister Ivica Dacic, who pointed out the significance of projects like this, enabling the creation of new jobs and improving the country’s economic situation, local media reported.
Today Vibac Group has four production units located in Italy and Canada, employing over 900 people. The company is continuously extending its business in terms of both production capacity and sales volume in different geographical areas and fields of activities.
LATEST issue 3/2019