Serbia said to invest EUR17m to help turn SFS glass factory around

Serbia plans to invest at least EUR17m in upgrading its troubled glass factory Srpska Fabrika Stakla (SFS) to triple its output and turn to profit in 2010, Politika quoted the head of state-owned gas monopoly Srbijagas, Dusan Bajatovic, as saying, SeeNews reported.

"Our concept is not based on laying off workers, but on boosting output from 42,000 tonnes to 121,000 tonnes," he said.

Srbijagas acquired a 63.62% stake in SFS last year for EUR20m.

600450 Serbia said to invest EUR17m to help turn SFS glass factory around
Date: 9 April 2010

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