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2nd May 2017, Spain

Refisa launches Serbian plant

Spanish composites maker Refisa has started production at a new plant located in the Priboj free economic zone, in the west of Serbia, reports Jaroslaw Adamowski. The investment is expected to create some 70 jobs by the end of this year. 

Refisa makes a wide range of composites, including resins (fireproof and non-fireproof polyesters, epoxies, phenolics resins, vinyl esters and isostatics), and reinforcements (fibreglass, carbon, foam, PVC, PUR, PIR, PET and others).

The Spanish producer is adapting a facility that was formerly used by a local automotive maker. © Marko Janjušević, Priboj municipality

The Spanish producer is adapting a facility that was formerly used by a local automotive maker, the municipality of Priboj said in a statement. At its new factory, Refisa will manufacture composite products for rolling stock makers. 

In the first phase of the project, the Spanish manufacturer took over 20 employees at the production facility, and 50 more jobs are to be created in 2017. Refisa leased a production hall of about 2,000 square metres.

The new factory was officially launched in the presence of Serbia’s Minister of Economy Goran Knežević. © Marko Janjušević, Priboj municipality

Refisa says it has created “two different business areas to complement and respond to the needs of new market segments – ‘customplastic’ and ‘wallnet’. The company supplies its products to various industries, including the automotive, rolling stock, construction and renewable energy, and some of its customers include Alstom, CAF, AnsaldoBreda, Irmscher, Faiveley, Ferrocarriles de la Generalidad de Cataluña (FGC) and Tradinsa Industrial, according to data released by Refisa.

The Serbian facility will allow the company to shift manufacturing activities from its facility in Spain’s Lleida province, in Catalonia, to Priboj. 

In the first phase of the project, the Spanish manufacturer took over 20 employees at the production facility. © Marko Janjušević, Priboj municipality

The move will allow Refisa to benefit from the relatively low cost of labour in Serbia. For 2017, the country’s minimum wage was set at the level of RSD 22,620 (€183) per month which represented an increase of 7.5% compared with a year earlier. This places the Serbian minimum wage below that of any of the EU’s member states.

The new factory was officially launched in the presence of Serbia’s Minister of Economy Goran Knežević. It will be operated by the company’s local subsidiary Refisa Balkan Doo.

The move will allow Refisa to benefit from the relatively low cost of labour in Serbia. © Marko Janjušević, Priboj municipality

Priboj is located about 280 km from the country’s capital Belgrade, in close proximity of the Serbian border with Montenegro and Bosnia and Herzegovina.

Refisa’s investment will be the first foreign manufacturing project in to be carried out at the Serbian free economic zone. Last year, the Serbian government completed the construction work to develop sufficient road infrastructure for the zone.

The Spanish company says its production facility in Lleida is fitted with a total surface of some 4,500 square metres, and it is ISO 9001-certified.

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