Danieli to employ "nearly thousand workers"

Minister of Economy Nebojsa Ciric says the Italian company Danieli & C. Officine Meccaniche "will make investments in phases amounting to around EUR 500mn". It will also employ nearly a thousand workers, said the minister. Danieli to employ "nearly thousand workers" The company signed a memorandum of understanding with the Republic of Serbia and the city of Sabac on Thursday, After the signing ceremony, which was attended by Serbian President Boris Tadic, Ciric underlined that the company will annually produce at least 750,000 tons of special types of steel, while its export will reach around one billion euros. The minister underlined that today is a good day for Serbia's economy and its citizens given that a large investor has picked Serbia as its production base for further business operations. “This investment is a light at the end of the tunnel as it offers good perspective for the Serbian economy in conditions of the global crisis,” Ciric said. Danieli Executive Director and Chief Operating Officer - Engineering and Plantmaking Franco Alzetta said that the memorandum, which was signed Thursday after nine months of talks, should be the basis for further cooperation, and thanked employees in the Serbian state administration and the municipality of Sabac (western Serbia) for showing understanding for the company's needs. He underlined that Danieli and the government have reached an agreement which could be the basis for future steps, adding that the company has decided to invest in Serbia for its culture, energetic people and willingness to work. This is a good starting point for the development of your country, and with such qualities I am certain that you will attract other investors as well, Alzetta said. The MoU signing ceremony (Tanjug) Tanjug

Danieli to employ "nearly thousand workers"

The company signed a memorandum of understanding with the Republic of Serbia and the city of Šabac on Thursday,

After the signing ceremony, which was attended by Serbian President Boris Tadić, Ćirić underlined that the company will annually produce at least 750,000 tons of special types of steel, while its export will reach around one billion euros.

The minister underlined that today is a good day for Serbia's economy and its citizens given that a large investor has picked Serbia as its production base for further business operations.

“This investment is a light at the end of the tunnel as it offers good perspective for the Serbian economy in conditions of the global crisis,” Ćirić said.

Danieli Executive Director and Chief Operating Officer - Engineering and Plantmaking Franco Alzetta said that the memorandum, which was signed Thursday after nine months of talks, should be the basis for further cooperation, and thanked employees in the Serbian state administration and the municipality of Sabac (western Serbia) for showing understanding for the company's needs.

He underlined that Danieli and the government have reached an agreement which could be the basis for future steps, adding that the company has decided to invest in Serbia for its culture, energetic people and willingness to work.

This is a good starting point for the development of your country, and with such qualities I am certain that you will attract other investors as well, Alzetta said.