Italy’s Vibac May Invest $68 Million in Serb Plant, Tanjug Says

Vibac SpA, an Italian maker of packaging materials, may open a factory in Serbia with state incentives, Tanjug newswire reported, citing Finance and Economy Minister Mladjan Dinkic after talks with the potential investor.

The Ticineto-based company may invest as much as 50 million euros ($68 million) in production of packaging films and carton sealants in the central Serbian town of Jagodina where the authorities are offering free construction land, subsidies for job creation and a 10-year tax break, according to the report.

To contact the reporter on this story: Misha Savic in Belgrade at msavic2@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.