SIBENIK AND ITALIAN INVESTORS SIGN COOPERATION AGREEMENT

ZAGREB, Feb 19 (Hina) - The mayor of Sibenik, Ante Supuk, and the co-owner and director of the Italian company "Gruppo Constanzo", Vincenzo Constanzo, on Wednesday signed an agreement on cooperation in future investments in the Podi free trade zone near Sibenik. The Italian investor is obliged to construct two factories in Podi - factories of plastic pipes and prefabricated concrete elements, all of which is worth DM 12 million. Constanzo said that the production of prefabricated concrete elements could begin in spring. Supuk said that due to great interest of Italian investors, a free zone office is to be opened in Rome. The Gruppo Constanzo is to construct two factories in the free trade zone and two outside of it, in the so-called commercial zone, Supuk said, adding that the signing of similar agreements with two more companies is to be expected soon. Present at the signing was executive director of the Croatian Agency for the Promotion of Investments, Vanja Kalogjera. (hina) lm jn 191752 MET feb 97