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The EUR 25 million plant will manufacture cables and cords for voltages up to 1 kV and employ 100 workers.
The construction of the plant began in May 2010. The European Bank for Reconstruction and Development has participated in the project with EUR 15.5 million, which makes the bank a stock-holder. The rest of funds, namely EUR 9.5 million was provided by the Eurocable Group.
The new plant was formally opened by Prime Minister Jadranka Kosor.