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AGREEMENT ON INVESTMENT IN MEASURING EQUIPMENT COMPANY SIGNED

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DUBROVNIK, March 22 (Hina) - The German company Siemens, Austria's UHER and the Croatian measuring equipment manufacturing company Elra on Saturday signed an agreement on investment in the production of electrical meters for Croatia and Bosnia-Herzegovina. Siemens has invested about DM 3 million in the equipment and assembly will begin in April. Elra, based in Vela Luka on the southern island of Korcula, will carry out the production programme in three stages during which it will take on 50 to 60 new employees. The company should manufacture 40-50,000 meters a year. (hina) vm 221401 MET mar 97

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