News

Gerovit to Build Factory in Cuprija – Investment Worth EUR 5 Million, 100 New Jobs Planned

Tuesday, 29. Sep 2020.

The Arandjelovac-based company Gerovit bought land in the industrial zone in Cuprija in mid-May, where they plan to build a facility for the production of agrarian products made of plastic. Initially, 30 to 50 workers will be employed at the new facility, and the plan is for EUR 5 million to be invested in the machines.

– The production hall of 4,000 m2, which will be financed through our funds, is being designed now. The plan is to employ 30-50 workers initially, and there should be up to 100 workers eventually. If the state greenlights the business plan, we will invest 4 to 5 million euros in the machines. The construction will start in late 2020 or in the spring of 2021 at the latest – the companys director, Radisav Stankovic, says for eKapija and adds that negotiations with the contractors are in progress.

Gerovit produces irrigation strips, mulching foils, shade nets and raschel bags for the packing of fruit and vegetables.

– Most of our products are plastic products applicable in the agrarian sector, so the investment in Cuprija will also concern the production of plastic agrarian products, which will complement and considerably augment our production portfolio – Stankovic points out.

At the public bidding, Gerovit made the best offer – RSD 6,825,014.90 – for 10,465 m2 of land in the industrial zone.

Gerovit was founded in 2016, but its first business activities date back to 2018.

– We were founded as a startup, helped by UniCredit Bank, which saw that our idea could turn into a serious business endeavor, so they supported us without any guarantee of Pestan, the company where we previously worked and acquired experience – Stankovic adds.


Source: eKapija

18. Mar 2024.
Dinar-to-euro exchange rate at RSD 117.2043

15. Mar 2024.
Serbias January external trade at 4.81 bln euros

15. Mar 2024.
Dinar-to-euro exchange rate at RSD 117.1969

14. Mar 2024.
Dinar-to-euro exchange rate at RSD 117.1907

11. Mar 2024.
Dinar-to-euro exchange rate at RSD 117.1865

08. Mar 2024.
NBS key policy rate kept on hold

08. Mar 2024.
Dinar-to-euro exchange rate at RSD 117.1985

07. Mar 2024.
Dinar-to-euro exchange rate at RSD 117.2007

06. Mar 2024.
Dinar-to-euro exchange rate at RSD 117.1842

05. Mar 2024.
Dinar-to-euro exchange rate at RSD 117.1793

04. Mar 2024.
Dinar-to-euro exchange rate at RSD 117.1804

01. Mar 2024.
Dinar-to-euro exchange rate at RSD 117.1695

01. Mar 2024.
Serbian economy continues to grow, Q4 2023 GDP growth at 3.8 pct

29. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.1769

29. Feb 2024.
Mitrovic: We Were Deleted from the List of Airline Operators at Our Own Request

28. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.2045

28. Feb 2024.
Serbia a Top 5 country in terms of cooperation with EBRD

27. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.2045

26. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.2018

23. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.2028

22. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.1921

21. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.1888

20. Feb 2024.
Serbian construction permits down by 2 pct y-o-y in December

19. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.1748

14. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.1770

13. Feb 2024.
Serbias real estate market was worth 1.7 bln euros in Q4 2023 - RGZ

12. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.1707

08. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.1571

07. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.1672

06. Feb 2024.
Dinar-to-euro exchange rate at RSD 117.1679