Italian boiler manufacturer Ariston will open a new, EUR 75 mln factory in Nis, with a research and development center also on the way.
The new investment was announced by Serbian President Aleksandar Vucic Nov. 7 through Instagram, with the president stating he expects Ariston to eventually employ 300.
Ariston produces boilers and heating systems through factories in France, China, Russia, Vietnam and Italy and employs more than 10,000.
Photo of Nis by Aleksic Ivan, CC BY-SA 3.0 <https://creativecommons.org/licenses/by-sa/3.0>, via Wikimedia Commons.
