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ITALY'S CALZEDONIA GROUP OPENS MEN'S SOCKS FACTORY IN CAKOVEC

CAKOVEC CAKOVEC, Nov 16 (Hina) - A men's socks factory, this year's biggest greenfield investment in Croatia, was officially opened in the northern town of Cakovec on Saturday in the presence of Croatian and Italian officials and representatives of the investor, Italy's Calzedonia.
CAKOVEC, Nov 16 (Hina) - A men's socks factory, this year's biggest greenfield investment in Croatia, was officially opened in the northern town of Cakovec on Saturday in the presence of Croatian and Italian officials and representatives of the investor, Italy's Calzedonia. #L# Calzedonia has invested around EUR13.33 million in the construction of production facilities covering 12,000 square metres and equipment. By the end of next year, another four million euros will be invested in the employment of 300 workers. The factory will produce 20 million pairs of men's socks annually. Calzedonia manager Sandro Veronesi said the new factory was an important business factor contributing to the friendship between the Croatian and Italian peoples. Italian Ambassador Fabio Pigliapoco said that relations between the two countries were constantly improving and that Italy's support for Croatia would become very important once Italy took over the chairmanship of the European Union next year. Vice Premier Slavko Linic said the factory was proof that it was not difficult to obtain permits and invest in Croatia. Italy and other European countries believe in Croatia and its citizens, Linic said. Today's opening ceremony was also attended by parliamentary deputies and county and municipal officials. Calzedonia plans to build another two production facilities, each covering an area of 12,000 square metres, which will employ 600 workers. The investment is worth 50 million euros. (hina) rml

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