Nepali investor opens noodle manufacturing facility in Serbia
BELGRADE, Serbia, Sept. 21 (SeeNews) – Nepal-based diversified holding company Cinnovation Group, CG Foods Europe, has opened a noodle factory in Ruma, northern Serbia, the local government said.
The company has so far invested 9 million euros (10.7 million US dollars) in the construction of the factory, which has the most modern equipment among the production units of CG Foods Europe, the municipality of Ruma said in a statement on Wednesday.
CG Foods Europe has already hired a hundred employees and expects the total to reach 409 by the end of 2018, Ruma Mayor Sladjan Mancic said in the statement.
By the end of the year, CG Foods Europe will be hiring up to 60 people, he added.
The factory will officially open on October 5th, the city government announced.
The Cinnovation Group has over 48 companies and 4,300 employees worldwide, as data from the company website shows.