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BELGRADE (Serbia), February 14 (SeeNews) - Serbian plastics recycling company Ecolux Recycling SEE, a subsidiary of China's Hangzhou Yufeng Trading, plans to expand its factory in Pozarevac and hire an additional 200 employees, the city government said.
Ecolux Trading SEE has acquired a production hall with a footprint of 15,000 square metres for the purpose of the expansion, the city government said in a press release on Thursday.
The company has so far invested 5 million euro ($5.4 million) in the factory in which it has 100 employees, Pozarevac mayor Bane Spasovic said during a visit to the production plant.
According to data from the Serbian commercial register, Hangzhou Yufeng Trading owns 50.1% of the capital of Ecolux Recycling SEE, while the remainder is controlled by Ecolux CEO Yulin Wang who is a Belgian citizen.
($ = 0.921971 euro)